Sat. May 25th, 2024

Stellantis Ventures, the corporate venture fund of automaker Stellantis, has made an investment in Tiamat, a France-based company developing and commercializing sodium-ion battery technology. Tiamat, a spin-off of the French National Centre for Scientific Research, is the first company in the world to have commercialized a sodium-ion technology in an electrified product. Sodium-ion technology offers a lower cost per kWh and is free of lithium and cobalt. The investment will support Tiamat in constructing a sodium-ion battery plant in France for power tools and stationary storage applications. Stellantis’s goal is to provide clean and affordable mobility to customers around the world, and sodium-ion technology holds promise for more cost-effective energy storage. The company is also investing in the development of alternative technologies for energy storage, including solid-state batteries and lithium-sulfur chemistry.

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