Stellantis Secures Low Emissions Lithium Supply for North American Electric Vehicle Production from Controlled Thermal Resources
- Agreement grows Stellantis’ decarbonized supply of key raw material for electrified vehicles
- Sustainable lithium hydroxide to support Stellantis U.S. product offensive of over 25 all-new battery electric vehicle (BEV) launches and 50% BEV sales planned by 2030
- Binding offtake agreement sets a new sustainability benchmark for U.S. battery supply chain
AMSTERDAM, June 2, 2022 – Stellantis N.V. and Controlled Thermal Resources Ltd. (CTR) announced today the signing of a binding offtake agreement for CTR to supply battery grade lithium hydroxide for use in Stellantis’ North American electrified vehicle production.
CTR’s Hell’s Kitchen Project in California’s Imperial County will recover lithium from geothermal brines utilizing renewable energy and steam to produce battery grade lithium products in an integrated, closed-loop process, eliminating the need for evaporation brine ponds, open pit mines, and fossil-fueled processing.
“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. “Ensuring we have a robust, competitive, and low-carbon lithium supply from various partners around the world will enable us to meet our aggressive electric vehicle production plans in a responsible manner.”…
