Stellantis Invests in Startup Lyten to Bring Lithium-Sulfur Batteries to Market
By David Sachs
Stellantis said Thursday that it has invested in U.S. startup Lyten to accelerate the commercialization of its technology for electric-vehicle batteries and other applications.
The Netherlands-headquartered car maker said the Silicon Valley company's graphene technology has applications for lithium-sulfur EV batteries, a potential alternative to the traditional lithium-ion batteries that doesn't use nickel, cobalt or manganese.
Lithium-sulfur batteries could deliver more than twice the energy density of lithium-ion batteries with a 60% lower carbon footprint than today's best batteries, Stellantis said.
"This technology will meet the needs of industries seeking lightweight and energy-dense batteries that are free from supply-chain disruptions," Stellantis said.
Stellantis didn't disclose the size of the investment, which was made through its venture fund.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
May 25, 2023 06:59 ET (10:59 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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