Battery Swapping In Minutes: Fiat Parent Stellantis Partners With Ample For Modular Technology
Portfolio Pulse from Shivani Kumaresan
Stellantis N.V. (NYSE: STLA) has entered into a partnership with Ample to integrate Ample's Modular Battery Swapping technology into Stellantis electric vehicles. The initial program will start in Madrid in 2024 with a fleet of 100 Fiat 500e's, aiming to reduce EV charging time and range anxiety. The technology will be tested within Stellantis' Free2move car sharing service, with plans to expand to other platforms and regions. Stellantis' Dare Forward 2030 strategic plan targets 100% BEV sales in Europe and 50% in the U.S. by 2030. STLA shares saw a slight increase of 0.3% to $22.57.
December 07, 2023 | 7:39 pm
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Stellantis partners with Ample to introduce battery swapping technology in its EVs, starting with a pilot in Madrid using Fiat 500e's. The company's strategic plan includes significant BEV sales goals by 2030.
The partnership with Ample is likely to be viewed positively by investors as it addresses key consumer concerns about EVs, such as charging time and range anxiety. The pilot program's success could lead to broader adoption, which aligns with Stellantis' strategic BEV goals. The slight uptick in stock price reflects initial optimism.
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