Stellantis to launch fleet of EVs fitted with Factorial solid-state batteries

investing.com 23/10/2024 - 14:04 PM

Stellantis to Launch Demonstration Fleet with Solid-State Batteries by 2026

MILAN (Reuters) – Carmaker Stellantis (NYSE:STLA) announced on Wednesday that it will introduce a demonstration fleet of vehicles by 2026, which will feature solid-state batteries from U.S. startup Factorial.

Advantages of Solid-State Batteries

Solid-state batteries are anticipated to:
– Reduce fire risk
– Result in lighter, more economical cars
– Enable longer driving distances on a single charge

This technology is considered transformative for electric vehicles as manufacturers look for ways to decrease costs and enhance range amid stagnant EV sales.

Challenges Ahead

Despite their promise, solid-state batteries are challenging to develop at scale, posing difficulties for major automakers and their battery-making partners.

Partnership Details

This initiative is part of a partnership that began in 2021 when Stellantis invested $75 million in Factorial, marking a significant step toward commercializing this promising technology. The demonstration fleet will evaluate battery performance under real driving conditions.

Factorial's batteries will be incorporated into an all-new fleet of Dodge Charger Daytona vehicles, utilizing Stellantis’ STLA Large platform, which also supports large models from other brands like Jeep, Dodge, Chrysler, Alfa Romeo, and Maserati.

Stellantis' Chief Engineering and Technology Officer, Ned Curic, commented, "By integrating Factorial's innovative battery solution into the STLA Large platform, we are validating its potential to enhance our electric vehicle lineup, ensuring customers benefit from improved performance, longer driving ranges, and faster charging times in the coming years."

Future Plans

The STLA Large multi-energy platform is geared towards high-volume electric SUVs and performance vehicles, with the capability to support up to two million vehicles globally. This makes it an ideal candidate for introducing solid-state battery technology.

Other automakers, including Mercedes and Hyundai (OTC:HYMTF), have similarly invested in Factorial.




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