Stellantis to invest in French sodium-ion battery maker for EV output

FILE PHOTO: A Stellantis employee works on the e-GMP electric engine assembly line at the carmaker Stellantis engines factory in Tremery near Metz, France, June 29, 2022. REUTERS/Gilles Guillaume/File Photo

PARIS (Reuters) - Stellantis announced on Friday that it is investing in French sodium-ion battery startup Tiamat to diversify its portfolio and mass-produce electric vehicles while reducing exposure to scarce resources.

The exact amount of the investment, which is part of an initial fundraising of 150 million euros from Tiamat, was not disclosed.