Stellantis has 5 years to absorb 40% EV cost hike, avoid job cuts, CEO says | Page 2

Stellantis presented 2 battery chemistries on EV day that don’t use cobalt in batteries

This article says it better than I can:

“Cobalt is the least abundant and most expensive component in battery cathodes,”

Not using cobalt and the cheaper (Fe-Mn-x) chemistry makes it possible that they can hit the 40% cheaper target. Using iron does have trade offs but we won’t know how significant until they make them.

Thank you. That is absolutely right.

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