Stellantis (STLA) is partnering with French government-backed research organization CEA to develop next-generation battery cells for 澳洲幸运5官方开奖结果体彩网:electric vehicles, the company announced Wednesday.

The five-year 澳洲幸运5官方开奖结果体彩网:joint research program will work to develop battery cells with longer lifespans, better p🌜erformance, and a lower carbon footprint. 

“We know that battery technology is poised fꦚor change. While we don’t know exactly how it will change, we are committed to be at the forefront of this transformation,” Stellantis Chief Engineering and Technology Officer Ned Curic said in a statement.

Adds to Stellantis EV Joint Ventures

The Amsterdam-based owner of auto brands including Chrysler, Jeep, Fiat, and Maserati will receive🌳 support from CEA’s energy diꦦvision, which works to design innovations in decarbonization technology. 

“This exciting project makes the best use of more than 25 years of expertise in the field of Li-ion batteries at CEA to the benefit of one of the major automotive actors in the competitive race for electrical mobility,” Philippe Stohr, head of CEA's Energy division, said.

Stellantis is no stranger to EV 澳洲幸运5官方开奖结果体彩网:joint ventures (JV). In October, the automaker 澳洲幸运5官方开奖结果体彩网:established a JV with global nuclear fuel cycle company Orano for a battery re🃏cycling plant set to begin production in 2026.

Shares of Stellantis closed up almost 1% higher on a holiday-shortened trading day Wednesday.