Fiat’s component unit Magneti Marelli has signed an agreement with FAAM to develop, produce and sell lithium batteries, the automaker said.

Fiat has expanded its expertise in electric vehicle technology through its alliance with Chrysler and the company says it sees joint development of EV batteries leading to sales starting in the second half of 2010.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

FAAM is based in the Marche region of eastern Italy and has operations in Uruguay and in China. The company’s 2008 sales were EUR80m (US$114m).

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now