By Sabela Ojea


Stellantis is partnering with Zeta Energy to develop lithium-sulfur EV batteries as part of its continuing electrification strategy.

The auto giant on Thursday said its investment into these batteries would make owning an EV more convenient to consumers, as their technology has the potential to improve fast-charging speed by up to 50%.

The lithium-sulfur EV batteries will also be more affordable, the Chrysler-parent company said. They are expected to cost less than half the price per kilowatt-hour of current lithium-ion batteries.

As part of the joint development agreement, Zeta Energy would leverage a short, entirely domestic supply chain in Europe or North America, Stellantis said.

Overall, developing high-performing and affordable EVs is a key pillar of Stellantis' 2030 strategic plan, which includes offering more than 75 battery electric vehicle models, the company added.


Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix


(END) Dow Jones Newswires

12-05-24 1242ET