Jeep owner Stellantis invests $100 mn in US lithium

Paris (AFP) Aug 17, 2023
US-European auto giant Stellantis, whose brands include Jeep, Fiat and Peugeot, said Thursday that it was investing more than $100 million to buy US lithium, essential for producing electric vehicle batteries. Under the deal, US-based Controlled Thermal Resources will supply the carmaker with up to 65,000 tons of lithium hydroxide monohydrate a year for 10 years from 2027. It hikes an o This article was originally published by Solardaily.com. Read the original article here.