Press release
187KB
june 03, 2022 - Stellantis
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 #controlledthermalresources 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 #carlostavares, #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.”
“This definitive offtake agreement with #stellantis sets a new benchmark for the #automotive industry in the United States,” said #rodcolwell, CTR’s CEO. “Securing clean lithium produced with energy from a renewable resource helps to further decarbonize the battery supply chain which in turn, delivers cleaner cars with less environmental impact. We look forward to a strong and successful relationship with #stellantis.”
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.
As part of the Dare Forward 2030 strategic plan, #stellantis announced plans to have global annual battery electric vehicle sales of five million vehicles by 2030, reaching 100% of passenger car BEV sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in North America. #stellantis also increased planned battery capacity by 140 GWh to approximately 400 GWh, to be supported by five battery manufacturing plants in Europe and North America, together with additional supply contracts.
CTR will produce battery grade lithium hydroxide and lithium carbonate along with geothermal energy in Imperial County, California with a resource production capacity in excess of 300,000 metric tons per year.
1920x1080 STLA CTR
16000x9000, 7MB
Related news |
||
|
|
|
may 30, 2023
|
december 05, 2022
|
july 28, 2022
|
|
First #automotive Cells Company (ACC) gigafactory in the Hauts-de-France region to scale up production of high-performance batteri... |
AMSTERDAM, December 1, 2022 – Stellantis N.V. CEO #carlostavares has been invited by CES, the world’s most influential tech #event... |
Stellantis Posts Record First Half 2022 Results with 14.1% AOI Margin(1), €8.0 Billion Net Profit and €5.3 Billion Industrial Free... |
Download all 
You might be interested in |
||
|
|
|
|
july 13, 2022
|
july 08, 2022
|
june 29, 2022
|
|
Stellantis leverages the startup ecosystem to accelerate its drive to become a sustainable #mobility tech companyGlobally diverse ... |
His Excellency, the President of the Portuguese Republic, Mr. Marcelo #rebelodesousa, attended #mangualde Production Center’s 60t... |
More than €2 billion has been invested in the French manufacturing footprint since 2018 Together with its two JV partners, €150 m... |
Italian 
Download all 
Share
Share via mail 
Automotive
Sport
Events
Art&Culture
Design
Fashion&Beauty
Food&Hospitality
Technology
Nautica
Racing
Excellence
Corporate
OffBeat
Green
Gift
Pop
Heritage
Entertainment
Health & Wellness