Stellantis: deal in solid state batteries
(CercleFinance.com) - Stellantis announced on Tuesday that it has signed an agreement to advance the high-voltage solid-state traction battery technology developed by the US start-up Factorial Energy.
The carmaker says the partnership, which also includes a strategic investment, will enable a faster-time-to-market and a more cost-effective transition to solid-state technology, which is considered safer than lithium-ion technology.
Stellantis says that the solid-state technology developed by Factorial addresses the main barriers to the widespread adoption of electric vehicles by customers, i.e. range and safety.
Last July the automotive group announced that it aims to introduce the first competitive solid state battery technology by 2026.
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