With the advent of electric vehicles today, companies are hard at work developing batteries, a critical element of electric vehicles. Along with the technologies that are used today to make batteries, other solutions that may be adopted in the future are also being tested. In terms of batteries, Stellantis said it decided invest in LytenAmerican company engaged in the development and use of graphene with a three-dimensional structure.
Thus, the automotive group, through Stellantis Ventures, its venture capital fund, will support Lyten in accelerating the commercialization of Lyten 3D Graphene applications for the mobility sector, including LytCell Lithium Sulfur Battery for Electric Vehicleslightweight composite materials and new on-board sensor systems.
Stellantis says Lyten’s lithium-sulfur batteries, unlike traditional lithium-ion batteries, they do not use raw materials such as nickel, cobalt and manganese. Given the known issues with procurement of raw materials for conventional batteries, Lyten’s lithium-sulfur batteries may offer an alternative solution with cathodes that are free of nickel, manganese and cobalt, according to the automotive group.
In addition, the search and production of raw materials for lithium-sulfur batteries can take place locally in North America and Europe, which strengthens regional sovereignty. As Stallantis points out, this technology can respond “for the needs of companies that need lightweight and energy-efficient batteries that are not at risk of disruption in the supply chain“.
In addition, through its battery technology, Lyten intends to offer its customers a reliable source of high-performance and environmentally friendly products, allowing automakers to benefit from growing incentives provided by US and European policies, such as those provided for in the Inflationary Policy. Reduction law.
Lyten’s lithium-sulfur batteries, composite materials and sensor technology will initially be manufactured at a 13,000-square-foot facility in Silicon Valley. For Stellantis, this investment is one of the goals business strategic plan Dare Forward 2030. In fact, in 2022, he created Stellantis Ventures to invest in early stage and advanced stage startups that develop innovative and sustainable technologies for the automotive and mobility sectors. Carlos TavaresCEO of Stellantis, said:
Having recently visited Lyten with our CTO Ned Couric and Adam Basich, head of Stellantis Ventures, we were impressed by the technology’s potential to provide clean, secure and affordable mobility. The Lyten content platform represents a key investment for Stellantis Ventures, aligned with the company’s Dare Forward 2030 goal of accelerating the deployment of innovative technologies by putting the customer at the center. In particular, Lyten’s lithium-sulphur batteries could be a key component in the global mass market adoption of electric vehicles. Likewise, their materials technology can help reduce the weight of vehicles, which our industry will need to achieve in order to achieve its zero carbon goals.
Source: HD Motori
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.