Jeep and Dodge owner Stellantis announced a new partnership on Thursday to develop new EV batteries with “game-changing” energy density. Stellantis said the new batteries are expected to unlock significantly more range and 50% faster charging speeds. Even better, they’re expected to cost less than half the price per kWh of current battery tech.
With the first electric Jeep and Dodge vehicles arriving at US dealerships any day, Stellantis is looking ahead to its next-gen EV models.
Stellantis revealed plans to develop new lithium-sulfur EV batteries through a new collaboration with Zeta Energy Corp. The advanced batteries, Stellantis said, can unlock more range and improve charging speeds while drastically slashing costs.
According to Stellantis, the new technology is expected to cost less than half the price per kWh of the lithium-ion batteries currently on the market.
Stellantis claims lithium-sulfur EV batteries have the potential to improve fast-charging speed by up to 50%. Jeep’s Wagoneer S, the brand’s first global electric SUV, can fast charge (20% to 80%) in 23 minutes, suggesting the new tech could cut that number to around 12 minutes.
2024 Dodge Charger Daytona EV Scat Pack (Source: Stellantis)
Jeep, Dodge vehicles to get advanced new EV batteries
The partnership aims to develop lithium-sulfur EV batteries with “game-changing gravimetric energy density.” In other words, it will be significantly lighter with the same usable energy density as current lithium-ion batteries.
According to Stellantis, they will also be produced with “significantly lower CO2 emissions than any existing battery technology.” Zeta’s battery tech is designed for existing gigafactory methods and can “leverage a short, entirely domestic supply chain in Europe or North America.”
Jeep Wagoneer S Launch Edition (Source: Jeep)
Tom Pilette, CEO of Zeta Energy, said the new battery tech can “dramatically improve the performance and cost profile of electric vehicles.”
Stellantis and Zeta will work together on pre-production development while planning for mass production. Once complete, Stellantis aims to equip the new EV batteries in vehicles by 2030.
2024 Dodge Charger Daytona EV Scat Pack (Source: Stellantis)
2024 Dodge Charger Daytona prices and specs (excluding a $1,995 destination fee)
The 2024 Dodge Charger Daytona EV starts at $59,995 with up to 496 hp. For $73,190, the Scat Pack model offers “Hellcat-like” performance with up to 670 hp for a 0 to 60 mph sprint in 3.3 seconds.
Jeep’s luxury Wagoneer S starts at $71,995, marking “a new chapter in the storied history of Jeep,” CEO Antonia Filosa said. It includes a tech-loaded interior with best-in-class 45″ screen space, a revamped style, and over 300 miles of driving range.
Ram 1500 REV electric pickup truck (Source: Stellantis)
The 2025 Ram 1500 REV, Ram’s first electric pickup, will also hit US dealerships this fall with an expected over 350 miles driving range.
All three EV models are expected to arrive at dealerships any day as Stellantis looks to recharge sales in the US. Next year, Jeep is expected to launch the Wrangler-inspired Recon EV. Ahead of its debut, the rugged electric SUV was spotted in the US, and it looks a lot like the Ford Bronco. Jeep is also due to launch electric versions of its Renegade and Compass models.
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Australian logistics company Linfox is making big moves to electrify its heavy-duty semi fleet with the addition of thirty new Volvo FH and FM Electric semi trucks as the Swedish brand works to begin production at its Brisbane facility.
Volvo Trucks is expecting to begin full scale production of its FH and FM Electric semi trucks at the Brisbane factory in early 2026, just in time to fill the Linfox order – which happens to be the company’s largest in Australia. So far.
“We are very proud to continue our close partnership with Linfox. The order for 30 Volvo electric trucks is proof of their trust in our company and in zero-emissions transport as a viable solution here and now,” said Roger Alm, President Volvo Trucks. “Our commitment to start building electric trucks in Australia demonstrates our confidence in this technology, and means we can offer an industry-leading range of purpose-built electric trucks all around the world.”
“Linfox is excited to partner with Volvo in driving the future and leading sustainable logistics in Australia,” explains Peter Fox AM (Member of the Order of Australia), Executive Chairman of Linfox. “Further electrifying our fleet sets the standard for us and our customers and the entire industry.”
Linfox’ latest order includes 29 Volvo FH Electric and one FM Electric semi. The company currently has four electric Volvo trucks in its fleet of 195 semis, with plans to continue to electrify as ICE-powered assets reach retirement.
Electrek’s Take
Linfox Volvo semi fleet; via Volvo Trucks.
Now counting miles in operation in the tens of millions and rolling out its third generation of electric semi trucks, Volvo (and, by extension, Mack and Renault) continue to build a huge lead in the commercial trucking space. The competition, meanwhile, seems content to post pictures of its first factory while trucks that have been on order for years still haven’t reached customers.
I can’t see how they (Tesla) catch up from here.
SOURCE | IMAGES: Volvo Trucks.
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Oakland International Airport (OAK) in Alameda, California is helping stressed-out air passengers breathe a little bit easier with the introduction of five new battery-electric K9MD shuttle buses to its ground equipment fleet.
“We applaud Oakland Airport and their commitment to electrifying its fleet,” said Jason Yan, Vice President of Sales, West Region and National Account at Ride. “[BYD] Ride is thrilled to partner with OAK to offer sustainable transportation solutions that benefit both the environment and the community.”
The K9MD buses seat up to 42 passengers and have a 208 mile operating range from a 352 kWh lithium iron phosphate battery. That battery is backed by a 12-year warranty to help keep fiscally conservative fleet buyers at ease, while the smooth, quiet, and electric drive keeps the fleet’s operators happy, too.
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Oakland International Airport is operated by the Port of Oakland, and is scheduled to electrify its entire ground operations fleet by 2030.
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With President Donald Trump’s private dinner for top meme coin holders less than a week away, the leaderboard is awash with crypto wallets that are effectively anonymous.
On May 22, the top 220 $TRUMP holders are invited to a dinner with the president at his Virginia golf club outside of Washington, D.C. The event was announced last month, and the tally closed Monday night.
The nature of the pseudonymous wallets raises questions about the true identities and motivations of the token’s largest holders, who have bought a seat at the table with a U.S. president.
Documents from blockchain analytics firm Inca Digital that were reviewed by CNBC show where the top 275 $TRUMP token holders send and receive the token. Many are heavily tied to international exchanges like Binance that don’t service U.S. customers, an indication that they’re likely not U.S. citizens.
An analysis by Bloomberg revealed that 19 of the top 25 wallets are almost certainly owned by individuals operating outside the U.S.
Justin Sun, who openly shared that he bought $75 million worth of the Trump family’s World Liberty Financial token — a digital coin where 75% of proceeds go to Trump-related entities — is believed to be at the top of the $TRUMP meme token leaderboard.
Sun, who was born in China, is the crypto entrepreneur behind the Tron blockchain and is in talks with the SEC to resolve civil fraud charges.
A wallet called Sun currently holds more than $18 million worth of $TRUMP, with $4.5 million bought after the dinner contest announcement, according to Bloomberg.
Multiple reports point to the wallet being tied to the Tron founder. A representative for Sun didn’t respond to CNBC’s request for comment or confirm whether Sun is the wallet owner.
MemeCore, a Singapore-based crypto network that was vocal in its quest to secure a spot at the Trump dinner, landed in second place with an investment of $18 million. An Australian crypto entrepreneur also reportedly made the cut.
The leaderboard points to the token’s extreme volatility.
Inca Digital told CNBC that while 560,376 wallets have made a combined $5.2 billion in realized gains on the $TRUMP token, an even larger number — 592,962 wallets — have collectively lost $3.9 billion.
The figures underscore the massive wealth transfer within Trump’s crypto ecosystem, where early buyers have seen windfalls while the majority have suffered losses.
Chainalysis and Elliptic, two leading blockchain analytics firms, initially tracked $TRUMP token movements and trading fees. But days after CNBC published a story on the number of crypto wallets that had lost money on the meme coin, the firms said they were too busy with existing clients to continue blockchain analysis of the president’s self-branded meme token.
Sen. Richard Blumenthal, D-Conn., the ranking member of the Senate Subcommittee on Investigations, warned that the Trump family’s growing crypto holdings may serve as a backdoor for foreign and corporate interests seeking access to the president.
Freight Technologies, a Houston-based logistics firm that trades on the Nasdaq and has a market cap of just over $2.3 million, bought $2 million worth of the $TRUMP tokens to influence U.S.-Mexico trade policy, according to a release. CEO Javier Selgas described the move as a strategic push to “champion fair and free trade” across the U.S.-Mexico border.
Freight Technologies finished in 250th place, missing the cut for the dinner.