Stellantis And Ample Establish Partnership To Leverage Ample's Modular Battery Swapping Technology For Use In Stellantis Electric Vehicles
Portfolio Pulse from Benzinga Newsdesk
Stellantis has partnered with Ample to integrate Ample's Modular Battery Swapping technology into Stellantis electric vehicles, aiming to reduce charging times to under five minutes. The initial program will start in Madrid in 2024 with a fleet of Fiat 500e's in Stellantis' Free2move car sharing service. The technology could expand to other Stellantis platforms and geographies. Ample's batteries are modular, allowing for easy integration without reengineering vehicle platforms. The partnership aligns with Stellantis' Dare Forward 2030 strategic plan to increase BEV sales and achieve carbon net zero by 2038.
December 07, 2023 | 3:03 pm
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Stellantis' partnership with Ample to introduce a battery swapping solution for EVs could enhance the appeal of Stellantis' electric vehicles by addressing charging time and range anxiety, starting with the Fiat 500e in Madrid in 2024.
The partnership with Ample is likely to have a positive impact on Stellantis' stock in the short term as it addresses key consumer concerns in the EV market and aligns with the company's strategic goals. The announcement could increase investor confidence in Stellantis' commitment to innovation and its EV lineup, potentially leading to an increase in stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90