Navigating Rough Waters: Stellantis Reportedly Utilizes Airfreight To Overcome Red Sea Transport Disruptions

Zinger Key Points
  • Stellantis uses airfreight to mitigate supply disruptions from Red Sea incidents, with minimal manufacturing impact.
  • The company strategically invests in sodium-ion battery technology to enhance sustainability and reduce reliance on lithium and cobalt.

Stellantis N.V. STLA is reportedly utilizing airfreight to address temporary supply disruptions resulting from changes in international transport routes due to incidents affecting vessels in the Red Sea.

“Stellantis has taken appropriate measures to compensate for the temporary extension of some rerouted vessels by using some limited airfreight solutions,” a company spokesperson told Reuters.

The Franco-Italian group “has almost no impact on manufacturing to date,” the spokesperson added, which Reuters noted.

Also Read: Unlike Tesla, Volkswagen’s Passenger Cars Brand Confident In Overcoming Red Sea Disruptions: Report

The company has been in the headlines very recently for investing strategically in Tiamat, a French company specializing in sodium-ion battery technology, through its venture fund, Stellantis Ventures.

This technology is cost-effective and does not require lithium and cobalt. According to the announcement, sodium enhances sustainability and material independence as a publicly available resource.

Tiamat, a 2023 Stellantis Ventures Award recipient, recently introduced sodium-ion technology in an electrified product.

“Exploring new options for more sustainable and affordable batteries that use widely available raw materials is a key part of our ambitions of the Dare Forward 2030 strategic plan that will see us reach carbon net zero by 2038,” said Ned Curic, Stellantis Chief Engineering and Technology Officer.

Read Next: Palantir Joins Forces With Israeli Defense Ministry In War Tech Partnership: Report

Price Action: STLA shares are trading lower by 1.93% to $22.32 on the last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Company

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EquitiesNewsMoversMediaGeneralAI GeneratedBriefsEurasiawhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...