Republicans oppose the Biden Administration’s Build Back Better plan, which would hasten the EV transition and help stop life-threatening weather.
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and Controlled Thermal Resources Ltd. (CTR) have signed a binding offtake agreement for CTR to supply battery-grade lithium hydroxide for use in Stellantis’ North American electrified vehicle production.
The agreement increases Stellantis’ decarbonized supply of an essential raw material for electrified vehicles. (AutoInformed.com: Stellantis, Samsung SDI JV for NA Battery Manufacturing; Stellantis, LG Energy JV for North American Battery Production)
CTR’s Hell’s Kitchen Project at the Salton Sea in California’s Imperial County will recover lithium from geothermal brines using renewable energy and steam to produce battery grade lithium products in a closed-loop process, eliminating the need for evaporation brine ponds, open pit mines, and fossil-fueled processing, Stellantis claimed.
CTR will supply Stellantis with up to 25,000 metric tons per year of lithium hydroxide over the 10-year term of the agreement. Stellantis announced in late 2021 a similar supply deal to support its European vehicle production* (AutoInformed.com:Stellantis Has Lithium Supply Deal with Vulcan Energy)
“In the fight against global warming, bolstering our battery electric vehicle supply chain to support our bold electrification ambitions is absolutely critical,” said Carlos Tavares, Stellantis CEO. (AutoInformed.com: Stellantis Ups Electrification Strategy by $35.54 Billion)
*Europe is arguably the fastest growing electric vehicle and lithium-ion battery production center in the world, and the world’s fastest growing lithium market. It has zero local supply, yet at the same time, automakers and governments are pushing for battery raw materials with a zero-carbon footprint. In the US, Republicans are opposing the Biden Administration’s Build Back Better plan, which would hasten the transition to EVs and help stop earth threatening weather extremes and global warming.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Stellantis Gets Lithium Supply for NA EVs
Republicans oppose the Biden Administration’s Build Back Better plan, which would hasten the EV transition and help stop life-threatening weather.
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and Controlled Thermal Resources Ltd. (CTR) have signed a binding offtake agreement for CTR to supply battery-grade lithium hydroxide for use in Stellantis’ North American electrified vehicle production.
The agreement increases Stellantis’ decarbonized supply of an essential raw material for electrified vehicles. (AutoInformed.com: Stellantis, Samsung SDI JV for NA Battery Manufacturing; Stellantis, LG Energy JV for North American Battery Production)
CTR’s Hell’s Kitchen Project at the Salton Sea in California’s Imperial County will recover lithium from geothermal brines using renewable energy and steam to produce battery grade lithium products in a closed-loop process, eliminating the need for evaporation brine ponds, open pit mines, and fossil-fueled processing, Stellantis claimed.
CTR will supply Stellantis with up to 25,000 metric tons per year of lithium hydroxide over the 10-year term of the agreement. Stellantis announced in late 2021 a similar supply deal to support its European vehicle production* (AutoInformed.com:Stellantis Has Lithium Supply Deal with Vulcan Energy)
“In the fight against global warming, bolstering our battery electric vehicle supply chain to support our bold electrification ambitions is absolutely critical,” said Carlos Tavares, Stellantis CEO. (AutoInformed.com: Stellantis Ups Electrification Strategy by $35.54 Billion)
*Europe is arguably the fastest growing electric vehicle and lithium-ion battery production center in the world, and the world’s fastest growing lithium market. It has zero local supply, yet at the same time, automakers and governments are pushing for battery raw materials with a zero-carbon footprint. In the US, Republicans are opposing the Biden Administration’s Build Back Better plan, which would hasten the transition to EVs and help stop earth threatening weather extremes and global warming.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.