Home » Stellantis, another step towards the electric revolution: agreement with Vulvan Energy for lithium

Stellantis, another step towards the electric revolution: agreement with Vulvan Energy for lithium

by admin

New step forward in Stellantis’ strategy on the electrification front of its range. Vulcan Energy will supply lithium hydroxide for batteries in Europe, which the group born from the merger between FCA and PSA will use in its electrified vehicles. The five-year agreement foresees the start of shipments in 2026. Vulcan will supply Stellantis with a minimum of 81,000 tons and a maximum of 99,000 tons of lithium hydroxide over the five-year term of the agreement. The agreement is part of Stellantis’ electrification strategy, illustrated on the occasion of the Ev Day held in July, to ensure adequate availability of essential raw materials for the batteries of electrified vehicles. Stellantis plans to invest over 30 billion euros by 2025 in electrification and software development, aiming to maintain 30% more efficiency than the industry average in the ratio of total R&D and capital expenditure to revenues. .

“Stellantis is pursuing its electrification strategy energetically and quickly – said Michelle Wen, Chief Purchasing and Supply Chain Officer of the group chaired by John Elkann and led by CEO Carlos Tavares – This agreement is further proof of the the fact that we have the right competitive spirit to deliver on our commitments. The freedom to move with safe, clean and affordable means is a strong expectation of our societies and our commitment is to provide answers that match these demands “.

Stellantis’ repeatedly announced goal is that over 70% of its vehicles sold in Europe and more than 40% of those sold in the United States will be low-emission (LEV) vehicles by 2030. Each of the 14 brands in the ‘company will offer fully electrified solutions at the top of the category.

See also  Non-agricultural data brings uncertainty to gold, gold price fluctuates around 1810-Finance News

The “Zero Carbon Lithium” project initiated by Vulcan in Germany, in the upper Rhine valley, uses geothermal energy to produce lithium hydroxide for batteries obtained from brine, without the use of fossil fuels and with minimal water consumption. thus reducing carbon production in the battery metal supply chain.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy