Stellantis invests in U.S. startup Lyten to develop lithium-sulfur batteries
Lyten's batteries do not use nickel, cobalt or manganeseMILAN — Stellantis has invested in Lyten to help the U.S. startup develop applications for lithium-sulfur EV, 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 . Unlike traditional lithium-ion batteries, lithium-sulfur batteries developed by Lyten do not use nickel, cobalt, or manganese, resulting in an estimated 60% lower"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". Lyten's products will also help manufacturers take advantage of U.S. and European policy incentives, such as those in the U.S. Inflation Reduction Act, they added.Stellantis CEO Carlos Tavares said Lyten's materials technology could help to reduce vehicle weight, further aiding the drive to lower carbon
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