Carmaker Stellantis secures supply of battery-grade lithium

The carmaker Stellantis said Monday that it has secured a five-year proviso of battery-grade lithium hydroxide successful Europe to enactment its plans to person to 98% electrified vehicles by 2025.

Stellantis, the institution that combined PSA Peugeot and Fiat Chrysler, signed a binding statement with Vulcan Energy Resources Ltd. successful Germany, which uses geothermal energy to nutrient the battery-quality lithium hydroxide from brine without utilizing fossil fuels. Vulcan volition proviso betwixt 81,000 metric tons and 99,000 metric tons of lithium hydroxide implicit the five-year word of the agreement.

All apical automakers are moving connected electric vehicles arsenic fears turn astir clime change. Also Monday, Nissan said it is investing 2 trillion yen ($17.6 billion) implicit the adjacent 5 years and processing a cheaper, much almighty artillery to boost its electrical conveyance lineup.

Stellantis said its woody supports the decarbonized proviso of cardinal earthy materials for electrical vehicle artillery packs.

The carmaker announced plans past July to person astir each of its accumulation to electrical oregon hybrid by 2025. Under the plans, much than 70% of vehicles sold successful Europe and 40% of those sold successful the United States volition beryllium low-emission vehicles by 2030.

"Stellantis is moving guardant connected its electrification strategy with velocity and power. This statement is further impervious that we person the competitory tone to present connected our commitments," said Michelle Wen, Stellantis' main purchasing and proviso concatenation officer. "Safe, cleanable and affordable state of mobility represents a beardown anticipation of our societies and we are committed to present connected that matter."

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