Stellantis invests in French sodium-ion battery company Tiamat

Stellantis invested in French sodium-ion battery startup Tiamat to diversify its product portfolio and mass-produce electric vehicles. The investment is part of Tiamat's initial 150 million euro financing, and neither party disclosed the specific amount of investment. Tiamat's batteries are cheaper, but they also offer a shorter driving range, suitable for small electric vehicles.