Stellantis, Zeta Energy agree to jointly develop lithium-sulfur EV batteries

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Stellantis, Zeta Energy agree to jointly develop lithium-sulfur EV batteries - Channel News Asia

Quick Summary:

MILAN : Stellantis has signed an agreement with U.S.-based Zeta Energy to develop cheap lithium-sulfur batteries for electric vehicles, with an aim to use them by 2030, the two companies said on Thursday.

Such technology might increase battery fast-charging speed by up to 50 per cent, the companies said.

With battery costs significantly impacting EV prices, automakers are seeking to develop alternative technologies to the vehicles more affordable.