Revolutionary battery swapping technology offers quick and convenient charging

  • Stellantis partners with Ample to combat EV range anxiety
  • Battery swapping technology allows for a fully charged battery in less than five minutes
  • Similar model to NIO’s successful battery swapping stations in China
  • Stellantis also utilizes range extender technology in its electric Dodge Ram truck
  • First car in the battery-swapping program will be an electric Fiat 500

Stellantis, the parent company of Chrysler, is taking a page out of NIO’s playbook to address the issue of EV range anxiety. In a partnership with EV charging technology company Ample, Stellantis aims to deliver a fully charged electric vehicle battery in less than five minutes. This will be achieved through battery swapping technology, similar to NIO’s successful model in China. By swapping out an empty battery for a fully charged one, the time and process to refuel an EV becomes comparable to refilling a gas tank. Stellantis is also incorporating range extender technology, seen in Li Auto’s vehicles, in the electric version of its Dodge Ram truck. The first car to benefit from the battery-swapping program will be the electric Fiat 500. This partnership demonstrates Stellantis’ commitment to exploring innovative solutions for its electric vehicle customers and alleviating range anxiety.

Factuality Level: 7
Factuality Justification: The article provides information about Stellantis’ partnership with Ample to establish a battery-swapping program for electric vehicles. It mentions the use of Ample’s technology to swap out empty batteries with fully charged ones, reducing the time and process of refueling an EV. The article also mentions NIO’s use of battery swapping technology in China. It briefly mentions Li Auto’s range extender technology and Stellantis’ use of it in the electric version of its Dodge Ram truck. The article includes quotes from Stellantis’ senior vice president of charging and energy. Overall, the article provides factual information about the topic.
Noise Level: 4
Noise Justification: The article provides information about Stellantis’ partnership with Ample to establish a battery-swapping program for electric vehicles. It mentions the concern of range anxiety and how this technology aims to address it. The article also briefly mentions other ways to combat range anxiety, such as Li Auto’s range extender. However, the article lacks in-depth analysis, scientific rigor, and evidence to support its claims. It also does not provide actionable insights or explore the consequences of the partnership on those who bear the risks. Overall, the article contains relevant information but lacks depth and supporting evidence.
Financial Relevance: Yes
Financial Markets Impacted: EV industry, automotive industry
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses a partnership between Stellantis and Ample to develop fast-charging technology for electric vehicles. While there is no extreme event mentioned, the news is relevant to the financial markets and companies in the EV and automotive industry.
Public Companies: Stellantis (Unknown), NIO (Unknown), Chrysler (Unknown), Li Auto (Unknown)
Private Companies: Ample
Key People: Ricardo Stamatti (Stellantis senior vice president of charging and energy)

Reported publicly: www.marketwatch.com