Stellantis Ventures Invests in Tiamat and Affordable Sodium-Ion Battery Technology

Rhea-AI Summary

Stellantis Ventures, the corporate venture fund of Stellantis N.V., has announced its strategic investment in Tiamat, a France-based company developing sodium-ion battery technology. The investment supports Stellantis' mission for clean, safe, and affordable mobility, with sodium-ion technology promising lower costs, increased sustainability, better low-temperature performance, and faster charging capability. Stellantis aims to become carbon net zero by 2038, and the investment in Tiamat aligns with its Dare Forward 2030 strategic plan, focusing on electric propulsion and sustainable energy storage solutions.

Insights

Market Research Analyst

The strategic investment of Stellantis Ventures in Tiamat, a company specializing in sodium-ion battery technology, is reflective of a broader industry trend towards diversification of energy storage solutions. This move aligns with Stellantis' Dare Forward 2030 strategic plan, which emphasizes electric propulsion and carbon neutrality. By investing in alternative battery chemistries, Stellantis is positioning itself to mitigate risks associated with supply chain constraints and geopolitical tensions that affect raw materials like lithium and cobalt.

From a market perspective, this investment could enhance Stellantis' competitive edge in the electric vehicle (EV) market. The promise of sodium-ion technology—lower costs and better low-temperature performance—could translate into more affordable and efficient EVs, potentially increasing market share and consumer adoption rates. However, the scalability and long-term performance of sodium-ion batteries in automotive applications remain to be proven, which could influence the pace at which Stellantis can capitalize on this investment.

Financial Analyst

Stellantis' investment in Tiamat can be viewed as a strategic capital allocation aimed at fostering innovation in energy storage that could lead to cost reductions and improved margins on EVs. The financial implications hinge on the ability of sodium-ion technology to reach commercial viability at scale. If successful, this could result in a significant reduction in production costs and an improved bottom line, given that batteries represent a substantial portion of EV manufacturing costs.

Investors should monitor the progress of Tiamat's sodium-ion technology and Stellantis' integration of this technology into their product lineup. The potential for Tiamat's sodium-ion batteries to be used in power tools and stationary storage applications before transitioning to BEV applications suggests a phased approach to revenue generation, which could provide financial benefits across multiple product segments.

Sustainability Expert

The investment in sodium-ion battery technology by Stellantis Ventures is a significant step toward sustainability in the automotive industry. Sodium-ion batteries offer an eco-friendlier alternative to lithium-ion batteries by eliminating the need for lithium and cobalt, which are often associated with environmental and ethical concerns. This aligns with Stellantis' commitment to becoming carbon net zero by 2038.

For stakeholders concerned with corporate social responsibility, this move demonstrates Stellantis' proactive approach to addressing the environmental impact of their supply chain. The success of sodium-ion technology could lead to a shift in the industry towards more sustainable practices. However, the environmental benefits must be weighed against the performance and life cycle analysis of sodium-ion batteries compared to existing technologies to fully understand the long-term sustainability implications.

Stellantis Ventures Invests in Tiamat and Affordable Sodium-Ion Battery Technology

• Investment in Tiamat supports Stellantis mission for clean, safe and affordable mobility with a wide portfolio of battery chemistries
• Sodium-ion battery chemistry holds promise of lower costs, increased sustainability, better low-temperature performances and faster charging capability
• Electric propulsion is a key pillar of Dare Forward 2030 strategic plan
• Stellantis is on track to become carbon net zero by 2038

AMSTERDAM, January 12, 2024 – Stellantis Ventures, the corporate venture fund of Stellantis N.V., today announced its participation as a strategic investor in Tiamat, a France-based company that is developing and commercializing sodium-ion battery technology.

Sodium-ion technology offers a lower cost per kilowatt-hour and is free of lithium and cobalt. Abundantly available sodium offers benefits in increased sustainability and material sovereignty.

Tiamat was one of 11 top-performing technology start-ups honored with a Stellantis Ventures Award in 2023, and is the first company in the world to have recently commercialized a sodium-ion technology in an electrified product.

The investment supports Stellantis’ mission to provide clean, safe and affordable mobility to customers around the world. Sodium-ion technology holds the promise of a more cost-effective energy storage compared with today’s widely used lithium-ion battery technology.

“Exploring new options for more sustainable and affordable batteries that use widely available raw materials is a key part of our ambitions of the Dare Forward 2030 strategic plan that will see us reach carbon net zero by 2038,” said Ned Curic, Stellantis Chief Engineering and Technology Officer. “Our customers are asking for emissions-free vehicles that offer a combination of robust driving range, performance and affordability. This is our North Star, as Stellantis and its partners work today to develop ground-breaking technologies for the future.”

Shifting to electric propulsion is a key pillar of the Dare Forward 2030 strategic plan. It includes reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To achieve these sales targets, Stellantis is securing approximately 400 GWh of battery capacity. Stellantis is on track to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.

Supporting that ambition, Stellantis has secured supplies of EV raw materials through 2027 by signing key agreements around the world. Stellantis is also investing in the development of alternative technologies for energy storage, including solid-state batteries with Factorial Energy, lithium-sulfur chemistry with Lyten Inc. and sodium-ion with Tiamat.

Tiamat is a spin-off of the French National Centre for Scientific Research (CNRS) and is leveraging its best-in-class innovations. The company will use proceeds from the fundraising round that includes Stellantis Ventures to launch construction of a sodium-ion battery plant in France for power tools and stationary storage applications first, and then targeting to scale-up production of second-generation products for BEV applications.

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About Stellantis Ventures

Established with an initial investment of €300 million, Stellantis Ventures is the first Stellantis corporate venture fund. It targets early and later-stage startup companies that are developing cutting-edge technologies for the automotive and mobility sectors and are focused on improving outcomes for individual customers and society as a whole. The fund has a unique dual mandate that requires portfolio companies to have strong, sustainable growth prospects as well as a high potential for technological adoption within Stellantis' products and operations. Backed by one of the world’s leading automakers and mobility providers, Stellantis Ventures is uniquely positioned to drive value quickly and effectively for portfolio members.

About Stellantis

Stellantis N.V. (NYSE: STLA/ Euronext Milan: STLAM/ Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, while creating added value for all stakeholders. For more information, visit www.stellantis.com

	@Stellantis		Stellantis		Stellantis		Stellantis
For more information, contact: Fernão SILVEIRA +31 6 43 25 43 41 – fernao.silveira@stellantis.com Nathalie ROUSSEL +33 6 87 77 41 82 – nathalie.roussel@stellantis.com communications@stellantis.com www.stellantis.com

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FAQ

What is the strategic investment announced by Stellantis Ventures?

Stellantis Ventures announced its strategic investment in Tiamat, a France-based company developing sodium-ion battery technology.

What are the benefits of sodium-ion battery technology?

Sodium-ion technology offers lower costs, increased sustainability, better low-temperature performance, and faster charging capability.

What is Stellantis' mission in supporting the investment in Tiamat?

The investment in Tiamat supports Stellantis' mission for clean, safe, and affordable mobility, aligning with its Dare Forward 2030 strategic plan and the goal of becoming carbon net zero by 2038.

What are the key pillars of Stellantis' Dare Forward 2030 strategic plan?

The key pillars include electric propulsion, reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe, and securing approximately 400 GWh of battery capacity.

What is the target sales mix for passenger car and light-duty truck BEVs in the United States by 2030?

The target sales mix is 50% for passenger car and light-duty truck BEVs in the United States by 2030.

What is the timeline for Stellantis to become carbon net zero?

Stellantis aims to become carbon net zero by 2038, with single-digit percentage compensation of remaining emissions.