Automaker Stellantis NV STLA said on Thursday that it has entered into an agreement with U.S.-based Zeta Energy Corp to develop cheaper lithium-sulfur batteries to be deployed in electric vehicles by 2030.
What Happened: The partnership is aimed at developing a battery with the same usable energy as lithium-ion batteries used in current-day EVs but significantly lighter and enabling better range, the company said.
According to Stellantis, the new batteries could also result in improved handling and enhanced performance in addition to improving fast-charging speed by up to 50%.
“Lithium-sulfur batteries are expected to cost less than half the price per kWh of current lithium-ion batteries,” the company said while adding that the batteries will utilize waste materials, methane, and unrefined sulfur, and will not need cobalt, graphite, manganese, or nickel.
Why It Matters: The new partnership includes both pre-production development and planning for future production.
The battery is the single most expensive part of an electric vehicle and automakers are now attempting to develop new battery technologies in a bid to introduce cheaper vehicles into the market and accelerate EV adoption.
“Our collaboration with Zeta Energy is another step in helping advance our electrification strategy as we work to deliver clean, safe and affordable vehicles," Ned Curic, Stellantis Chief Engineering and Technology Officer, said in a statement.
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Photo courtesy: Stellantis
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