Stellantis’ DWPT technology shows encouraging first test results

$STLA: Stellantis demonstrated Dynamic Wireless Power transfer (DWPT) technology to wirelessly recharge electric…

DWPT works through a system of coils placed under the asphalt that transfers energy directly to cars, trucks and buses without the need to stop at charging stations to refill the battery. For Stellantis, this project, which is still in its pilot phase, is part of a drive to democratize “advanced mobility freedom” and the company believes it can fuel its electrified future.

Stellantis stock closed last Friday’s trading session in the red, losing more than 5% and trading at 13 euros. It should nevertheless be remembered that some analysts are rather optimistic for the title. Kepler Cheuvreux has for example reiterated at the end of May its Buy recommendation and its target price of 30 euros.

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