Stellantis, the carmaker whose brands include Peugeot, Fiat and Chrysler, announced on Wednesday a partnership with the French state's CEA research...
PARIS - Stellantis , the carmaker whose brands include Peugeot , Fiat and Chrysler , announced on Wednesday a partnership with the French state's CEA research organisation to work on a next generation of battery cells for electric vehicles .Carmakers around the world are exploring battery technologies to reduce the cost of electric vehicles .
EV demand has grown more slowly than expected due to high borrowing costs, economic uncertainty and consumer preference for gasoline-electric hybrids."We know that battery technology is poised for change. While we don't know exactly how it will change, we are committed to be at the forefront of this transformation.
"At the same time, we are collaborating closely with tech startups, laboratories, universities, and the most prestigious research institutions in the world like CEA. We believe that this collaboration will accelerate the arrival of disruptive battery cell technology, supporting our mission to offer clean, safe and affordable mobility to our customers," he added.EV sales globally are expected to rise to 16.6 million vehicles this year, from 13.
In June, Stellantis CEO Carlos Tavares said synergies from the 2021 merger between Fiat-Chrysler and Peugeot maker PSA that created Stellantis amount to 8.4 billion euros a year, more than double that initially targeted. Stellantis also said it would target the upper range of its 25% to 30% dividend payout policy in 2025 versus the 25% paid in recent years, and would reward shareholders with at least 7.7 billion euros through dividends and buybacks this year. -- Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder.
Peugeot Research Organisation Stellantis Battery Cells Battery Technology Chrysler Electric Vehicles Fiat Tech Startups
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stellantis Threatens to Pull Out of UK Over EV Sales MandateStellantis NV will quit making vehicles in the UK unless the government eases electric-vehicle sales targets, just months after retooling one of its British plants to make only battery-powered vans.
Read more »
Stellantis recalls nearly 1.2 million vehicles in Canada, U.S. to fix rear camerapStellantis is recalling nearly 1.2 million vehicles in the U.S. and Canada to fix a software glitch that can disable the rearview cameras./p
Read more »
Stellantis AI chief is latest exec to leave automakerpBerta Rodriguez-Hervas, whose responsibilities included AI and machine learning, has resigned less than three years after joining Stellantis from chip maker Nvidia./p
Read more »
Stellantis signals more job cuts ahead in cost-reduction crusadepAfter already making buyout offers and layoffs in recent months, Stellantis said it's planning US $200 million more worth of head count reductions by year end./p
Read more »
Stellantis signals more job cuts ahead in cost-reduction crusadepAfter already making buyout offers and layoffs in recent months, Stellantis said it's planning US $200 million more worth of head count reductions by year end./p
Read more »
Stellantis signals more job cuts ahead in cost-reduction crusadepAfter already making buyout offers and layoffs in recent months, Stellantis said it's planning US $200 million more worth of head count reductions by year end./p
Read more »