Stellantis (STLA) and battery swapping startup Ample announced a new partnership to bring swap stations to Europe in 2024. The tie-up comes as the battery exchange market sees steep growth valued at over $1 billion per Global Market Insights.
Ample co-founder John de Souza compares the technology to "a gas station for electric cars." By rapidly exchanging depleted packs for fully-charged ones, drivers avoid prolonged charging waits.
In teaming with Stellantis, de Souza cites the automaker's wide vehicle range, global presence and EV expertise as ideal for scale. Launching with Fiat's 500 city car, he notes owners often lack overnight charging access, making the growth for battery swap potential even greater.
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