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Stellantis, Zeta Energy Collaborate to Develop Advanced Lithium-Sulfur EV Batteries
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Stellantis, Zeta Energy Collaborate to Develop Advanced Lithium-Sulfur EV Batteries
Dec 5, 2024 10:17 AM

12:52 PM EST, 12/05/2024 (MT Newswires) -- Stellantis ( STLA ) and Zeta Energy agreed to develop advanced lithium-sulfur batteries for electric vehicles.

The collaboration "aims to develop a significantly lighter battery pack with the same usable energy, enabling greater range, improved handling and enhanced performance," the companies said Thursday in a statement.

The agreement involves preproduction development and future output planning with batteries set to power Stellantis ( STLA ) vehicles by 2030.

Financial details weren't disclosed.

Shares of Stellantis ( STLA ) rose 3.9% in recent Thursday trading.

Price: 13.23, Change: +0.49, Percent Change: +3.89

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