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Automaker Stellantis invests in Lyten, a Silicon Valley-based manufacturer of lithium-sulfur EV batteries

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(Kitco News) - Automaker Stellantis (NYSE: STLA) announced on Thursday that Stellantis Ventures invested in Lyten to accelerate the commercialization of Lyten 3D Graphene™ applications for the mobility industry, including the LytCell™ lithium-sulfur EV battery, lightweighting composites, and novel on-board sensing.

The company said that Lyten, a pioneer of three-dimensional (3D) Graphene, will leverage the unique tunability of the material to enable enhanced vehicle performance and customer experience while decarbonizing the transportation sector.

According to a press release, Lyten's tunable materials platform has demonstrated "significant reductions" in greenhouse gas emissions and will advance the transition to sustainable mobility.

"Unlike traditional lithium-ion batteries, Lyten's lithium-sulfur batteries do not use nickel, cobalt, or manganese, resulting in an estimated 60% lower carbon footprint than today's best-in-class batteries and a pathway to achieve the lowest emissions EV battery on the global market," Stellantis said.

Importantly, the company noted that raw materials for lithium-sulfur batteries have the potential to be sourced and produced locally, in North America or Europe, enhancing regional supply sovereignty.

Stellantis CEO Carlos Tavares commented, "Lyten's materials platform is a key investment for Stellantis Ventures, in line with our Dare Forward 2030 goal to accelerate deployment of innovative, customer-centric technologies.

"Specifically, Lyten's lithium-sulfur battery has the potential to be a key ingredient in enabling mass-market EV adoption globally, and their material technology is equally well positioned to help reduce vehicle weight, which is all necessary for our industry to achieve carbon net zero goals."

The company also pointed out that with traditional lithium-ion battery materials in critically short supply for EV manufacturing, Lyten's lithium-sulfur battery will offer "an alternative, non-nickel-manganese-cobalt cathode solution" that supports the global transition to electric vehicles at mass market scale.

Lyten's lithium-sulfur battery, composites, and sensor technologies are initially being produced on its 145,000 square foot campus in Silicon Valley. The company lists more than 300 patent matters, and is currently manufacturing Lyten 3D Graphene material, as well as its LytCell™ EV batteries, in San Jose, California.

Lyten said that its goal is to provide a secure supply of performance-based and environmentally sustainable products to its customers, while also enabling auto manufacturers to take advantage of growing U.S. and European policy incentives, such as those referenced in the Inflation Reduction Act.

Stellantis is one of the world's leading automakers and a mobility provider. Its brands include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.

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