Stellantis has announced that it has just invested in the French startup Tiamat, which is developing and commercializing sodium-ion battery technology to provide clean, safe, and affordable mobility.
The amount of investment made by Stellantis Ventures, the automotive group’s venture capital fund, has not been disclosed, although the company has announced that Tiamat will use part of Stellantis’ investment to launch the construction of a sodium-ion battery factory in France, as well as to increase the production of second-generation products for BEV applications.
It is worth noting that sodium-ion technology offers a lower cost per kilowatt-hour and does not contain lithium or cobalt. Sodium, which is abundantly available, offers advantages in terms of sustainability and autonomy in obtaining raw materials.
Sodium-ion technology opens up the possibility of storing energy more cost-effectively compared to the currently widely used lithium-ion battery technology.
“Exploring new options for more sustainable and cost-effective batteries that use widely available raw materials is a key part of our ambitions in the ‘Dare Forward 2030’ strategic plan, which will lead us to achieve carbon neutrality by 2038,” said Ned Curic, Chief Engineering and Technology Officer at Stellantis.
