Stellantis invests in French Sodium-Ion Battery maker

Stellantis on Friday announced an investment at Tiamat, a French company known for its capability to develop sodium-ion battery technology.

Sodium-ion technology is price-efficient at a lower cost per kilowatt-hour and doesn’t use lithium and cobalt. Sodium also helps to achieve further sustainability and accessible supply chain materials.

Tiamat is one of the leading battery makers that commercialized a sodium-ion battery technology for electrified products. With this investment, Tiamat will build a sodium-ion battery factory in France for power tools and stationary storage applications.

The plant will gradually increase the production of second-generation products for BEV applications in the follow-up.

Tiamat Sodium-Ion Battery

“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.

Under the car maker’s Dare Forward 20230 plan, It aims to launch 100% passenger car battery electric vehicle (BEV) in Europe and 50% passenger car and light-duty truck BEV sales mix in the U.S. by 2030.

To make a growth toward these targets, Stellantis is securing around 400 GWh of battery capacity. Furthermore, it has secured EV raw materials through 2027 by expanding its global supply chain.

It’s also developing key technologies such as energy storage, and solid-state batteries with different companies including solid-state batteries with Factorial Energy, lithium-sulfur chemistry with Lyten Inc., and sodium-ion with Tiamat.

(source – Stellantis)