TECH - Stellantis Invests In French Sodium-Ion Battery Tech Developer Tiamat | Benzinga
Stellantis N.V. (NYSE:STLA) has invested strategically in Tiamat, a French company specializing in sodium-ion battery technology, through its venture fund, Stellantis Ventures.
What Happened: Stellantis Ventures announced its investment in Tiamat, which is known for developing and commercializing sodium-ion battery technology. This technology is cost-effective and does not require lithium and cobalt. According to the announcement, sodium enhances sustainability and material independence as a publicly available resource.
Tiamat, a 2023 Stellantis Ventures Award recipient, recently introduced sodium-ion technology in an electrified product.
“Exploring new options for more sustainable and affordable batteries that use widely available raw materials is a key part of our ambitions of the Dare Forward 2030 strategic plan that will see us reach carbon net zero by 2038,” said Ned Curic, Stellantis Chief Engineering and Technology Officer.
Shifting to electric propulsion is a significant Dare ...