Stellantis Ventures, a subsidiary of Stellantis Group, has announced its investment in Lyten, a US-based battery materials startup, in an effort to advance the development of lithium-sulfur batteries, lightweight composite materials, and in-car sensing solutions for electric vehicles. According to a joint statement by the two companies, Lyten's lithium-sulfur battery does not use traditional elements such as nickel, cobalt, or manganese, resulting in a 60% lower carbon footprint than current batteries. Additionally, the materials for these batteries can potentially be sourced and produced locally in North America or Europe, making them more environmentally sustainable.

This investment plays a significant role in Stellantis Group's future electric vehicle development. With the electric vehicle market growing rapidly, many automakers are focusing on battery technology research and innovation to improve vehicle performance and driving experience. Lyten's unique lithium-sulfur battery technology is gaining attention in this field. Compared to traditional lithium-ion batteries, lithium-sulfur batteries have higher energy density, which means they can provide longer driving range. Additionally, their lightweight composite materials are expected to reduce the weight of the entire electric vehicle, improving energy efficiency and environmental sustainability.

"We are very excited to collaborate with Lyten, which will bring more environmentally friendly and energy-saving solutions while promoting battery technology innovation," said Carlos Tavares, CEO of Stellantis.

Furthermore, the sourcing and production of raw materials for lithium-sulfur batteries will be easier in North America or Europe, reducing supply chain risks and complying with local environmental policies and regulations. For Lyten, Stellantis Group's investment signifies recognition of its technology and accelerates its market promotion. It also offers an opportunity for both companies to explore in-car sensing solutions and further promote the development of the entire electric vehicle industry.

According to Brand Value Network, although the development and production processes of lithium-sulfur batteries face certain challenges, data shows that it has become a trend for the next generation of electric vehicle batteries. By 2030, the lithium-sulfur battery market is expected to account for 15% of the battery market share. Therefore, Stellantis Group's investment in Lyten is of great significance. In the future electric vehicle market, innovative technology will be the competitiveness of automakers, and Stellantis Group hopes to transform the entire industry towards more environmentally friendly and sustainable direction through this investment. This move by Stellantis aligns with the second level indicator "innovation investment" under the first level indicator "innovation capability" of the comprehensive indicator system, and will help improve its ranking on “The World Brand Value Top 900”.According to "（Daguan•Keweiwei）The Third World Brand Value Top 900" ranking list released on March 18, 2023, the brand value of Stellantis was 96.125 billion CNY, ranking the 283rd.

About Stellantis

Stellantis is a multinational automobile manufacturer formed by the merger of French carmaker PSA Group and Italian-American carmaker Fiat Chrysler Automobiles (FCA) in January 2021. Stellantis Group owns many famous car brands, including Maserati, Citroen, DS, Peugeot, Fiat, Alfa Romeo, Chrysler, Dodge, Jeep, etc. Its headquarters are located in Amsterdam, the Netherlands, and it has multiple production bases in Europe, North America, and South America. After the merger, Stellantis became the world's fourth-largest automaker, currently focusing on promoting the development of electric and intelligent vehicles.

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Author:   Trina

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