Fiat Chrysler Is Shopping For EV Tech From Distressed EV Start-Ups

Fiat Chrysler Is Shopping For EV Tech From Distressed EV Start-Ups

Hot on the (w)heels of news that Ford is set to launch it’s mass market-targeted Mustang Mach 3 EV to the world late in 2020, it would seem that Fiat Chrysler (FCA), owners of gas guzzler brands Jeep and Dodge are making significant steps in the same direction.

Fiat Chrysler CEO Mike Manley has previously indicated that he’s open to making cars powered by other companies’ EV tech.

The Verge reports that the Italian-American multinational automaker is in talks with at least two distressed EV startups with a goal to leverage their technology to build their own electric vehicles.

Anonymous sources claim that struggling EV start-ups Faraday Future and Seres are in discussions with Fiat Chrysler with a view to repurposing their tech for use in FCA-produced vehicles.  According to the reports, both EV businesses have retrofitted Fiat Chrysler vehicles with their tech – a sure sign that the automaker is making headway into producing, or least experimenting with EV platforms for its product range.

Big auto manufacturers investing in or leveraging tech from EV start-ups is of course no new thing – earlier this year Ford invested $500million into electric utility vehicle brand Rivian.

Get all of the details at The Verge.
 
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Kent is the host of science, tech and startup events across Europe and the USA. He's also a prolific networker in the innovator community, the creative force behind Szupernova and an avid jazz fan.

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