Stellantis backs sodium-ion battery innovator Tiamat By Investing.com

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<p>AMSTERDAM – Stellantis N.V. (NYSE:), a global automaker, has announced an investment in Tiamat, a French company specializing in sodium-ion battery technology, through its corporate venture fund Stellantis Ventures. The move aligns with the company’s Dare Forward 2030 strategic plan, aiming for a carbon net zero future by 2038.</p>
<p>The investment in Tiamat is seen as a strategic step towards diversifying Stellantis’ battery technology portfolio, with sodium-ion batteries offering a promising alternative to the prevalent lithium-ion batteries. Sodium-ion batteries are not only potentially more cost-effective but also do not rely on lithium and cobalt, making the technology more sustainable and less reliant on scarce resources.</p>
<p>Tiamat, a spin-off from the French National Centre for Scientific Research (CNRS), has the distinction of being the first to commercialize sodium-ion technology in an electrified product. The funds from this investment round, which includes Stellantis Ventures, will be used to initiate the construction of a sodium-ion battery plant in France. The initial focus will be on power tools and stationary storage applications, with plans to scale up for battery electric vehicle (BEV) applications later.</p>
<p>Stellantis’ commitment to electrification is underscored by its goal to achieve a 100% passenger car BEV sales mix in Europe and a 50% mix in the United States for passenger cars and light-duty trucks by 2030. To support these targets, the automaker is securing approximately 400 GWh of battery capacity and has already established supply agreements for EV raw materials through 2027.</p>
<p>In addition to sodium-ion technology, Stellantis is exploring other energy storage solutions, including investments in solid-state batteries with Factorial Energy and lithium-sulfur chemistry with Lyten Inc. The company’s broad approach to innovation in battery technology is part of its broader strategy to offer clean, safe, and affordable mobility.</p>
<p>This investment news is based on a press release statement from Stellantis N.V.</p>
<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.</em></p>
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