Stellantis Invests In French Sodium-Ion Battery Tech Developer Tiamat
Stellantis N.V. (NYSE:STLA) has invested strategically in Tiamat, a French company specializing in sodium-ion battery technology, through its venture fund, Stellantis Ventures.
What Happened: Stellantis Ventures announced its investment in Tiamat, which is known for developing and commercializing sodium-ion battery technology. This technology is cost-effective and does not require lithium and cobalt. According to the announcement, sodium enhances sustainability and material independence as a publicly available resource.
Tiamat, a 2023 Stellantis Ventures Award recipient, recently introduced sodium-ion technology in an electrified product.
“Exploring new options for more sustainable and affordable batteries that use widely available raw materials is a key part of our ambitions of the Dare Forward 2030 strategic plan that will see us reach carbon net zero by 2038,” said Ned Curic, Stellantis Chief Engineering and Technology Officer.
Shifting to electric propulsion is a significant Dare Forward 2030 strategic plan element. Stellantis aims to achieve a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and a 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis is securing approximately 400 GWh of battery capacity to meet these targets.
Why It Matters: Stellantis has been actively making strategic moves to transition toward electric mobility. In December, the company partnered with technology firm Ample to integrate Ample’s Modular Battery Swapping solution in its electric vehicles. This technology enables customers to replace a depleted EV battery with a fully charged one in minutes, effectively addressing range anxiety.
Earlier in November, the company also announced plans to ramp up vehicle production across Italy, with negotiations set to begin with the Italian government to establish a comprehensive agreement focusing on the automotive industry in Italy.
Photo by Jonathan Weiss on Shutterstock
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