Stellantis And CEA Partner To Develop Next-Generation EV Battery Cells

Author: Shivani Kumaresan | July 03, 2024 12:32pm

Stellantis NV (NYSE:STLA) and CEA, a renowned research institution, have announced a five-year collaboration to design next-generation battery cells for electric vehicles (EVs).

This joint research program aims to develop advanced battery cells with higher performance, longer lifespan, and lower carbon footprint, which can make EVs more affordable and sustainable.

“We know that battery technology is poised for change. While we don’t know exactly how it will change, we are committed to be at the forefront of this transformation,” said Ned Curic, Stellantis Chief Engineering and Technology Officer.

The primary focus of the collaboration is to design battery cells that offer best performance and cost-effectiveness. This includes researching disruptive chemistries, CO2 footprint reduction, battery modeling, fuel cell development, life cycle assessment, and connectivity.

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The goal is to support Stellantis’ giga factories with cutting-edge battery technologies.

“Our challenge is to speed up design and fabrication and to allow deep understanding of the most advanced cells technologies by sharing our expertise, skills and vision,” said Philippe Stohr, Head of CEA Energy Division.

This collaboration aligns with Stellantis’ Dare Forward 2030 strategic plan, which targets carbon net zero by 2038.

The battery cell design program builds on a 20-year collaboration between Stellantis and CEA.

Price Action: STLA shares are trading higher by 1.04% at $19.87 at last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image: Shutterstock/ asharkyu

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