(AOF) – Stellantis has signed an agreement with Vulcan Energy Resources Ltd. for the latter to supply lithium hydroxide for batteries for electrified vehicles in Europe. The five-year agreement calls for deliveries to begin in 2026. Vulcan will provide the automaker with a minimum of 81,000 tonnes and a maximum of 99,000 tonnes of lithium hydroxide over the five-year term of the contract. the agreement.
This supply agreement is part of Stellantis’ electrification strategy, presented at EV Day in July 2021, to ensure the availability of key raw materials for battery packs for electrified vehicles.
Stellantis plans to invest more than 30 billion euros by 2025 in electrification and software, while remaining the benchmark in terms of performance in the automotive sector with an investment efficiency 30% higher than the industry average in terms of the ratio of capital and R&D expenditure to turnover.
Vulcan’s Zero Carbon Lithium project in Germany’s Upper Rhine Valley uses geothermal energy to produce battery-powered lithium hydroxide from brine without using fossil fuels and using minimal water, which reduces carbon generation in the battery metal supply chain.
The supply agreement is subject to the successful start of commercial operation of the Vulcan plant and full product qualification.
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