Stellantis, the Netherlands-based multinational automotive large based mostly in Amsterdam, which was shaped earlier this yr after a 50:50 cross-border merger between Italian-American Fiat Chrysler and French Groupe PSA, had a MoU (Memorandum of Understanding) on lithium indicators provide of geothermal brine tasks in Germany and California.
Actually, Stellantis’ newest transfer was dropped at gentle as automakers world wide struggled to discover a approach to safe a sustainable provide chain for lithium, a key ingredient for electrical car batteries, because the EV battery trade tumbled is difficult as automakers need lithium metals to be produced with a low carbon footprint.
Extra importantly, the newest lithium provide deal that Stellantis had with the US and Germany-based firms took place simply days after the FCA and PSA’s $ 52 billion merger, which had agreed to up Shedding as a lot as 30 billion euros in 2025 to affect its EV product vary, whereas Stellantis was quoted as saying it will introduce electrical autos underneath all 14 of its manufacturers.
Stellantis reached with the Californian CTR. Letter of Intent on Lithium Provide
Other than that, a press company had quoted a supply conversant in the topic that the agreements primarily involved Managed Thermal Sources, that are energetic in Salton Sea, California – about 258 kilometers southeast of Los Angeles – alongside the German Vulcan Vitality Sources GmbH , which is energetic within the southwestern German Black Forest.
As well as, a spokesman for Stellantis, who confirmed the feasibility of the media topline, introduced later that week that he had signed an MoU on a lithium provide contract however declined to call the businesses. Even so, CTR and Vulcan had declined to touch upon the issue whereas requested about the issue.
