Stellantis Increases Stake in Solid-State Battery Startup to 9.5%

Global automaker Stellantis is accelerating its investments in electric vehicle technologies. The company announced it has increased its stake in US-based solid-state battery developer Factorial Energy to 9.5%. According to official stock exchange filings, the current market value of this partnership is estimated at approximately $126 million. In a statement from Stellantis, the company noted that in addition to increasing its existing stake in Factorial Energy, it has also reserved the right to purchase additional shares in the future. This move underscores the company's strategic commitment to next-generation electric vehicle batteries. Solid-state battery technology promises higher energy density and faster charging times compared to traditional lithium-ion batteries. With this investment, Stellantis aims to enhance the range of its electric vehicles and strengthen its competitive position in the global market. The partnership with Factorial Energy is seen as part of Stellantis' plans to significantly increase electric vehicle sales by 2030. Through this technology, the company seeks to achieve cost advantages while offering consumers more efficient vehicles. This is not investment advice.