In a significant move towards advancing clean and affordable mobility, Stellantis Ventures, the corporate venture fund of Stellantis N.V., has strategically invested in Tiamat, a French company leading in the development of sodium-ion battery technology. This investment marks a critical step in Stellantis’ journey towards its carbon net-zero goal by 2038.
Key Highlights:
- Strategic Investment: Stellantis Ventures partners with Tiamat to enhance sodium-ion battery technology.
- Dare Forward 2030: Electric propulsion as a crucial aspect of Stellantis’ strategic plan.
- Sustainability Focus: Sodium-ion batteries promise lower costs and increased sustainability.
Sodium-Ion Battery Potential: Sodium-ion technology, devoid of lithium and cobalt, offers an economic advantage in terms of cost per kilowatt-hour. The abundant availability of sodium aligns with increased sustainability and material sovereignty.
Tiamat’s Recognition and Commercialization: Tiamat, awarded the Stellantis Ventures Award in 2023, is the first to commercialize sodium-ion technology in an electrified product. This achievement underscores the potential of sodium-ion technology in revolutionizing energy storage, offering a more affordable alternative to the prevalent lithium-ion batteries.
Stellantis’ Commitment to Clean Mobility: The investment supports Stellantis’ objective of providing clean, safe, and affordable mobility globally. “Exploring new options for more sustainable and affordable batteries using widely available raw materials is crucial for our Dare Forward 2030 strategic plan, aiming for carbon net zero by 2038,” stated Ned Curic, Chief Engineering and Technology Officer at Stellantis.
Electric Propulsion Strategy: As part of the Dare Forward 2030 plan, Stellantis aims for 100% BEV sales in Europe and 50% in the U.S. by 2030. Approximately 400 GWh of battery capacity is being secured to meet these targets.
Diverse Technological Investments: Stellantis is not only investing in sodium-ion technology but also in alternative energy storage solutions like solid-state batteries and lithium-sulfur chemistry, partnering with companies like Factorial Energy and Lyten Inc.
Future Plans for Tiamat: Leveraging its strong scientific foundation from the French National Centre for Scientific Research (CNRS), Tiamat plans to use the investment for constructing a sodium-ion battery plant in France. The initial focus will be on power tools and stationary storage applications, with an aim to scale up for BEV applications.
Stellantis Ventures Overview:
Established with a €300 million investment, Stellantis Ventures targets startups developing groundbreaking automotive and mobility technologies. With a dual mandate of sustainable growth and technological adoption within Stellantis, it is uniquely positioned to foster innovation in the automotive sector.
About Stellantis:
Stellantis N.V., a leading global automaker, is renowned for its diverse portfolio of iconic and innovative brands, including Abarth, Alfa Romeo, Chrysler, Citroën, and others. The company is committed to providing mobility solutions that are both clean and affordable. With the Dare Forward 2030 strategic plan, Stellantis is on a mission to become a carbon net-zero mobility tech company by 2038, focusing on creating value for all stakeholders.
Bottom Line: Stellantis’ investment in Tiamat and sodium-ion battery technology is a testament to its dedication to sustainable, innovative, and affordable mobility solutions. This strategic move not only aligns with the company’s environmental goals but also positions Stellantis as a leader in the evolving landscape of electric vehicle technology. With such initiatives, Stellantis continues to pave the way for a greener and more sustainable future in the automotive industry.
