Stellantis And CEA Partner To Develop Next-Generation EV Battery Cells
Portfolio Pulse from Shivani Kumaresan
Stellantis NV (NYSE:STLA) and CEA have announced a five-year collaboration to develop next-generation EV battery cells. The partnership aims to create advanced battery cells with higher performance, longer lifespan, and lower carbon footprint, supporting Stellantis' strategic plan to achieve carbon net zero by 2038.
July 03, 2024 | 4:33 pm
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Stellantis NV (NYSE:STLA) has entered a five-year partnership with CEA to develop advanced EV battery cells. This collaboration aims to enhance battery performance, lifespan, and sustainability, aligning with Stellantis' goal of achieving carbon net zero by 2038.
The partnership with CEA to develop next-generation EV battery cells is a significant step for Stellantis. It aligns with their long-term strategic goals and could enhance their competitive position in the EV market. The immediate market reaction is positive, as evidenced by the 1.04% increase in share price.
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