European auto giant Stellantis (NYSE:STLA) announced an investment in the Silicon Valley-based Lyten is a Silicon Valley-based supplier of Lithium-Sulfur EV batteries.
The auto manufacturer explained that Lyten’s batteries contrast with traditional lithium-ion batteries in that they do not use nickel, cobalt, or manganese. As such, the batteries are billed as greener and lower cost, with less risk for supply chain disruption. The investment was made via Stellantis Ventures, the auto group’s venture capital arm.
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