article thumbnail

Honda battery leasing venture sets stage for more affordable EVs

Green Car Reports

Battery leasing has long been considered as a way of helping make EVs more affordable, and it appears that Honda is embarking on a business venture that might allow that idea to be scaled up. The joint venture company called Altna, announced Thursday, has been formed as a 50/50 venture between Honda Motor Co. Combining.

article thumbnail

Stellantis-CATL battery partnership seeks affordable EVs for Europe

Green Car Reports

Stellantis and battery supplier CATL on Tuesday signed a memorandum of understanding that could pave the way for more affordable EVs in Europe. The non-binding memorandum outlines the supply of lithium iron phosphate (LFP) battery cells and modules by CATL to Stellantis for European production within an unspecific timeframe.

article thumbnail

GM invests in AI and battery materials company Mitra Chem; advanced iron-based CAMs

Green Car Congress

General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. The company’s AI-powered platform and advanced research and development facility in Mountain View, California, will help accelerate GM’s commercialization of affordable electric vehicle batteries.

GM 195
article thumbnail

Honda asks: Could leased batteries lead to more affordable EVs?

Baua Electric

The joint venture company called Altna , announced Thursday, has been formed as a 50:50 venture between Honda Motor Co. Honda N-VAN e commercial EV Leases for the vehicle’s battery will be worked around the assumption that when they reach “end-of-life” for vehicle use, the batteries will be used and managed as grid storage batteries.

Honda 52
article thumbnail

Stellantis invests in affordable sodium-ion battery technology

Teslarati

Stellantis Ventures became a strategic investor of France-based Tiamat, which is developing and commercializing sodium-ion battery technology. It named Tiamat as one of 11 top-performing technology startups, honoring the French company with the Stellantis Ventures Award in 2023. Sodium is also available abundantly around the world.

Sodium 90
article thumbnail

Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Saying that China’s investments in EVs have “paid off so far,” Farley noted that Ford is on track for its next-generation electric models to be profitable and affordable.

article thumbnail

Stellantis Ventures Invests in Tiamat and Affordable Sodium-Ion Battery Technology

Electric Cars Report

announced its participation as a strategic investor in Tiamat, a France-based company that is developing and commercializing sodium-ion battery technology. Stellantis Ventures, the corporate venture fund of Stellantis N.V., Sodium-ion technology offers a lower cost per kilowatt-hour and is free of lithium and cobalt.

Sodium 103