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Share Name Share Symbol Market Type
Stellantis NV BIT:STLA Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.21 -1.43% 14.448 14.468 14.474 14.668 14.412 14.59 7,935,913 16:35:37

Stellantis, Daimler's Mercedes-Benz Invest in Battery Maker Factorial Energy

30/11/2021 1:03pm

Dow Jones News


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   By Kim Richters 
 

Auto makers Stellantis NV and Daimler AG's Mercedes-Benz are investing in Factorial Energy to advance solid-state battery technology for electric vehicles, the companies said separately on Tuesday.

While Stellantis didn't disclose the size of its strategic investment in the U.S.-based battery maker, Mercedes-Benz said its investment is a high double-digit million dollar amount.

"Solid-state batteries are currently one of the most promising technologies in the field of electric mobility. The decisive difference is the use of an electrolyte made of solid material instead of the commonly used liquid electrolyte," said Mercedes-Benz.

The premium-car maker plans to use the technology, which it said should increase driving range and shorten charging time, in a limited number of vehicles in the next five years.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

November 30, 2021 07:48 ET (12:48 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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