The difficulty of securing raw materials for electric vehicle batteries and the sometimes troubling stories about how those materials, such as cobalt, are mined show a few of the challenges that the coming EV revolution must overcome to be considered sustainable.
But one of the Detroit Three is putting some of its money behind a possible alternative.
Jeep- and Chrysler-parent Stellantis is announcing an undisclosed investment in a Silicon Valley company that aims to produce a different kind of EV battery at scale than the lithium-ion version currently powering so many electric devices, including cars.
Instead, Stellantis’ venture capital fund is investing in Lyten, which specializes in a material that it expects will make lithium-sulfur EV batteries a reality.
Read the full article here: https://www.freep.com/story/money/cars/chrysler/2023/05/25/stellantis-new-ev-batteries-could-help-it-meet-carbon-reduction-goals/70253826007/
