MILAN — Stellantis has invested in Lyten to assist the U.S. startup develop functions for lithium-sulfur EV batteries, light-weight composites and on-board sensing options, the 2 corporations mentioned on Thursday.
The funding, by Stellantis’ enterprise capital arm Stellantis Ventures, goals to assist the world’s third largest carmaker by gross sales simplify its provide chain and pursue greener know-how for its battery-electric autos (EVs).
Not like conventional lithium-ion batteries, lithium-sulfur batteries developed by Lyten don’t use nickel, cobalt, or manganese, leading to an estimated 60% decrease carbon footprint than present batteries, the businesses mentioned in a press release.
“Uncooked supplies for lithium-sulfur batteries have the potential to be sourced and produced domestically, in North America or Europe, enhancing regional provide sovereignty,” they mentioned.
“This know-how will meet the wants of industries searching for light-weight and energy-dense batteries which might be free from provide chain disruptions”.
Lyten’s merchandise may even assist producers reap the benefits of U.S. and European coverage incentives, similar to these within the U.S. Inflation Discount Act, they added.
No monetary or different particulars of the transaction had been supplied.
Stellantis CEO Carlos Tavares mentioned Lyten’s supplies know-how may assist to cut back car weight, additional aiding the drive to decrease carbon emissions.
Stellantis, whose manufacturers embody Peugeot, Fiat, Jeep and Ram, goals to be carbon internet zero by 2038. It’s also concentrating on 100% of its European passenger automobile gross sales and 50% of its U.S. passenger automobile and light-duty truck gross sales to be battery EVs by 2030.
Oliver Gross, the carmaker’s senior fellow for vitality storage and electrification, mentioned it anticipated to have Lyten’s batteries out there “positively throughout the second half of the last decade.”