Battery revolution! Has Stellantis cracked the code for super-cheap EVs that will undercut ICE?

AutoExec Summary
Stellantis, the global auto giant, has partnered with a French battery-maker to acquire new sodium-ion battery technology for its upcoming EVs. This move could potentially make electric cars more affordable than petrol cars. Stellantis will invest heavily in Tiamat, a company owned by the French National Centre for Scientific Research, to establish a new factory in France for mass-producing these cost-effective batteries. Sodium-ion batteries are touted to charge faster, be safer, and have a lower risk of thermal runaway compared to conventional batteries. They also do not require rare materials like lithium, cobalt, or nickel, making them more sustainable. Stellantis aims to develop its own batteries with Tiamat to reduce weight by 50% and enhance efficiency. Brands mentioned: Peugeot, Citroen, Opel, Alfa Romeo, Fiat, RAM, Dodge, Jeep.