See how Stellantis is investing in Lyten, a leading advanced materials company, to power up low-cost, US-sourced electric vehicle (EV) batteries using lithium-sulfur technology.
The secret behind Lyten's innovation lies in their proprietary "3D graphene" supermaterial. While 2D graphene has been known since 2004, earning a Nobel Prize in 2010, Lyten took it a step further by bringing it out of the lab and into commercial applications.
Using their patented reactor technology, Lyten transforms methane into 3D graphene, which exhibits enhanced strength, conductivity, and permeability. This unique supermaterial allows for more effective reactions with other materials, including sulfur, addressing one of the main obstacles to the widespread adoption of lithium-sulfurOne of the key advantages of Lyten's lithium-sulfur battery tech is the potential for a lower bill of materials without compromising energy density.
Recognizing the immense potential of Lyten's lithium-sulfur batteries, Stellantis Ventures, the corporate venture fund behind the automaker, has made a strategic and undisclosed investment in Lyten's series B fundraising campaign. Carlos Tavares, Stellantis CEO, lauded the technology and its potential impact on clean, safe, and affordable mobility.
Tavares stated, "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." Aligning with Stellantis's Dare Forward 2030 strategy, the company aims for 100% of its passenger car sales to be electric in Europe and 50% in the US by the end of the decade. Several Stellantis brands, including Jeep and Ram, are set to launch their first EVs in North America. The highly anticipated 2025 Ram 1500 REV electric pickup is scheduled for a late release next year, while Jeep plans to open reservations for the Recon and Wagoneer S electric models later this year.
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