Stellantis to Develop Battery Tech With French Atomic Energy Commission
By David Sachs
Stellantis will partner with the French Alternative Energies and Atomic Energy Commission to develop new batteries for electric vehicles as carmakers vie to find cheaper, cleaner, and longer-lasting power sources.
The carmaker behind brands including Jeep, Dodge and Peugeot said Wednesday that the pact is for a five-year research and development project. The program is meant to aid the future production of battery cells for Stellantis and its joint-venture battery factories, the company said.
"We know that battery technology is poised for change," said Ned Curic, Stellantis chief engineering and technology Officer. "While we don't know exactly how it will change, we are committed to be at the forefront of this transformation."
The partnership with the French government-backed research agency, known as CEA, should advance battery-cell tech with the aim of achieving better performance, a longer lifespan and a lower carbon footprint at lower costs, Stellantis said.
No financial details were released.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
July 03, 2024 09:51 ET (13:51 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks