Stellantis Invests In French Sodium-Ion Battery Tech Developer Tiamat
Portfolio Pulse from Benzinga Neuro
Stellantis N.V. (NYSE:STLA) has invested in Tiamat, a French developer of sodium-ion battery technology, through its venture fund, Stellantis Ventures. This investment aligns with Stellantis' Dare Forward 2030 strategic plan, aiming for carbon net zero by 2038 and a significant shift to electric vehicles (EVs) with a 100% BEV sales mix in Europe and 50% in the US by 2030. Stellantis is also securing 400 GWh of battery capacity and has previously partnered with Ample for a Modular Battery Swapping solution and announced plans to increase vehicle production in Italy.
January 12, 2024 | 10:58 am
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Stellantis' investment in Tiamat reflects its commitment to sustainable EV technology, aligning with its strategic goals for electric mobility and carbon neutrality.
The investment in Tiamat indicates Stellantis' proactive approach to securing advanced and sustainable battery technology, which is crucial for its transition to electric mobility. This move is likely to be viewed positively by investors who are increasingly valuing sustainability and innovation in the automotive industry. The strategic alignment with the company's long-term goals could bolster investor confidence and potentially have a positive impact on the stock price in the short term.
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