- Collaboration aims to develop a significantly lighter battery
pack with the same usable energy, enabling greater range, improved
handling and enhanced performance
- Technology has the potential to improve fast-charging speed by
up to 50%, making EV ownership even more convenient
- Batteries are expected to cost less than half the price per kWh
of current lithium-ion batteries.
- Agreement includes both pre-production development and planning
for future production by 2030
AMSTERDAM and HOUSTON, Texas, Dec. 5, 2024
/PRNewswire/ -- Stellantis N.V. and Zeta Energy
Corp. today announced a joint development agreement
aimed at advancing battery cell technology for electric vehicle
applications. The partnership aims to develop lithium-sulfur EV
batteries with game-changing gravimetric energy density while
achieving a volumetric energy density comparable to today's
lithium-ion technology.
For customers, this means potentially a significantly lighter
battery pack with the same usable energy as contemporary
lithium-ion batteries, enabling greater range, improved handling
and enhanced performance. Additionally, the technology has the
potential to improve fast-charging speed by up to 50%, making EV
ownership even more convenient. Lithium-sulfur batteries are
expected to cost less than half the price per kWh of current
lithium-ion batteries.
"Our collaboration with Zeta Energy is another step in helping
advance our electrification strategy as we work to deliver clean,
safe and affordable vehicles," said Ned
Curic, Stellantis Chief Engineering and Technology Officer.
"Groundbreaking battery technologies like lithium-sulfur can
support Stellantis' commitment to carbon neutrality by 2038 while
ensuring our customers enjoy optimal range, performance and
affordability."
"We are very excited to be working with Stellantis on this
project," said Tom Pilette, CEO of
Zeta Energy. "The combination of Zeta Energy's lithium-sulfur
battery technology with Stellantis' unrivaled expertise in
innovation, global manufacturing and distribution can dramatically
improve the performance and cost profile of electric vehicles while
increasing the supply chain resiliency for batteries and EVs."
The batteries will be produced using waste materials and
methane, with significantly lower CO2 emissions than any
existing battery technology. Zeta Energy battery technology is
intended to be manufacturable within existing gigafactory
technology and would leverage a short, entirely domestic supply
chain in Europe or North America.
The collaboration includes both pre-production development and
planning for future production. Upon completion of the project, the
batteries are targeted to power Stellantis electric vehicles by
2030.
Lithium-sulfur battery technology delivers higher performance at
a lower cost compared to traditional lithium-ion batteries. Sulfur,
being widely available and cost-effective, reduces both production
expenses and supply-chain risk. Zeta Energy's lithium-sulfur
batteries utilize waste materials, methane and unrefined sulfur, a
byproduct from various industries, and do not require cobalt,
graphite, manganese or nickel.
Developing high-performing and affordable EVs is a key pillar of
Stellantis' Dare Forward 2030 strategic plan, which includes
offering more than 75 battery electric vehicle
models. Stellantis is employing a dual-chemistry approach to
serve all customers and exploring innovative battery cell and pack
technologies.
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, with single-digit percentage
compensation of the remaining emissions, while creating added value
for all stakeholders. For more information,
visit www.stellantis.com
X @Stellantis
Facebook Stellantis
LinkedIn Stellantis
YouTube Stellantis
About Zeta Energy
Zeta Energy is a US-based privately held company focused on
developing, commercializing and manufacturing high-performance,
safe, rechargeable batteries that are lower cost and sustainably
produced. Zeta Energy was founded in 2014 by Charles Maslin in Houston, Texas, to develop and commercialize
advanced lithium-sulfur batteries based on its proprietary
sulfurized carbon cathodes and its 3D metallic lithium anodes. The
company's technology has won numerous prestigious awards, including
those from the U.S. Department of Energy ARPA-E and VTO programs
and the World Materials Forum. Zeta Energy's batteries eliminate
the use of critical materials such as graphite, cobalt, manganese
and nickel. Zeta has an extensive patent portfolio, with over sixty
patents and applications. The Company may from time to time
disclose public material events via its website at
http://www.ZetaEnergy.com or its social media accounts at the
following locations:
LinkedIn: www.linkedin.com/company/zetaenergy
X @ZetaEnergy
For more information, contact: info@zetaenergy.com
Stellantis Forward Looking Statements
This communication contains forward-looking statements. In
particular, statements regarding future events and anticipated
results of operations, business strategies, the anticipated
benefits of the proposed transaction, future financial and
operating results, the anticipated closing date for the proposed
transaction and other anticipated aspects of our operations or
operating results are forward-looking statements. These statements
may include terms such as "may", "will", "expect", "could",
"should", "intend", "estimate", "anticipate", "believe", "remain",
"on track", "design", "target", "objective", "goal", "forecast",
"projection", "outlook", "prospects", "plan", or similar terms.
Forward-looking statements are not guarantees of future
performance. Rather, they are based on Stellantis' current state of
knowledge, future expectations and projections about future events
and are by their nature, subject to inherent risks and
uncertainties. They relate to events and depend on circumstances
that may or may not occur or exist in the future and, as such,
undue reliance should not be placed on them.
Actual results may differ materially from those expressed in
forward-looking statements as a result of a variety of factors,
including: the ability of Stellantis to launch new products
successfully and to maintain vehicle shipment volumes; changes in
the global financial markets, general economic environment and
changes in demand for automotive products, which is subject to
cyclicality; Stellantis' ability to successfully manage the
industry-wide transition from internal combustion engines to full
electrification; Stellantis' ability to offer innovative,
attractive products and to develop, manufacture and sell vehicles
with advanced features including enhanced electrification,
connectivity and autonomous-driving characteristics; Stellantis'
ability to produce or procure electric batteries with competitive
performance, cost and at required volumes; Stellantis' ability to
successfully launch new businesses and integrate acquisitions; a
significant malfunction, disruption or security breach compromising
information technology systems or the electronic control systems
contained in Stellantis' vehicles; exchange rate fluctuations,
interest rate changes, credit risk and other market risks;
increases in costs, disruptions of supply or shortages of raw
materials, parts, components and systems used in Stellantis'
vehicles; changes in local economic and political conditions;
changes in trade policy, the imposition of global and regional
tariffs or tariffs targeted to the automotive industry, the
enactment of tax reforms or other changes in tax laws and
regulations; the level of governmental economic incentives
available to support the adoption of battery electric vehicles; the
impact of increasingly stringent regulations regarding fuel
efficiency requirements and reduced greenhouse gas and tailpipe
emissions; various types of claims, lawsuits, governmental
investigations and other contingencies, including product liability
and warranty claims and environmental claims, investigations and
lawsuits; material operating expenditures in relation to compliance
with environmental, health and safety regulations; the level of
competition in the automotive industry, which may increase due to
consolidation and new entrants; Stellantis' ability to attract and
retain experienced management and employees; exposure to shortfalls
in the funding of Stellantis' defined benefit pension plans;
Stellantis' ability to provide or arrange for access to adequate
financing for dealers and retail customers and associated risks
related to the operations of financial services companies;
Stellantis' ability to access funding to execute its business plan;
Stellantis' ability to realize anticipated benefits from joint
venture arrangements; disruptions arising from political, social
and economic instability; risks associated with Stellantis'
relationships with employees, dealers and suppliers; Stellantis'
ability to maintain effective internal controls over financial
reporting; developments in labor and industrial relations and
developments in applicable labor laws; earthquakes or other
disasters; risks and other items described in Stellantis' Annual
Report on Form 20-F for the year ended December 31, 2023 and Current Reports on Form 6-K
and amendments thereto filed with the SEC; and other risks and
uncertainties.
Any forward-looking statements contained in this
communication speak only as of the date of this document and
Stellantis disclaims any obligation to update or revise publicly
forward-looking statements. Further information concerning
Stellantis and its businesses, including factors that could
materially affect Stellantis' financial results, is included in
Stellantis' reports and filings with the U.S. Securities and
Exchange Commission and AFM.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/stellantis-and-zeta-energy-announce-agreement-to-develop-lithium-sulfur-ev-batteries-302324002.html
SOURCE Zeta Energy