Stellantis invests in US start-up Lyten to develop lithium-sulfur batteries
Stellantis (STLAM.MI) has invested in Lyten to help the U.S. startup develop applications for lithium-sulfur EV batteries, lightweight composites and on-board sensing solutions, the two companies said on Thursday.
The investment, through Stellantis’ venture capital arm Stellantis Ventures, aims to help the world’s third largest carmaker by sales simplify its supply chain and pursue greener technology for its battery-electric vehicles (EVs).
Unlike traditional lithium-ion batteries, lithium-sulfur batteries developed by Lyten do not use nickel, cobalt, or manganese, resulting in an estimated 60% lower carbon footprint than current batteries, the companies said in a statement.
“Raw materials for lithium-sulfur batteries have the potential to be sourced and produced locally, in North America or Europe, enhancing regional supply sovereignty,” they said.
“This technology will meet the needs of industries seeking lightweight and energy-dense batteries that are free from supply chain disruptions”.
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