IT House June 25 news, on June 24 local time, automaker Stellantis Group and lithium producer Vulcan announced that Stellantis Group made an equity investment of 50 million euros (about 353 million yuan) in Vulcan.and extend the previously signed binding supply agreement to 10 years.
The Stellantis Group said the equity investment will be used for Vulcan’s expansion-oriented mining at its already-produced Upper Rhine Valley Brine Deposit (URVBF). As part of the Zero Carbon Lithium Project, Vulcan is now producing geothermal energy from URVBF and plans to produce lithium hydroxide using a process that does not use fossil fuels and uses net zero carbon emissions.
IT Home understands that Stellantis Group’s brands include: Abbas, Alfa Romeo, Chrysler, Citroen, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys et al.
Stellantis Group put forward clear development goals in the “Dare Forward 2030” strategic plan: by 2030,All passenger cars sold by the Group in Europe are pure electric vehicles,50% of passenger cars and light trucks sold in the U.S. are pure electric vehicles.
In addition, the Stellantis GroupPlan to achieve net zero carbon emissions by 2038, reducing carbon emissions by 50% by 2030 compared to 2021 levels. Recently, Stellantis Group also announced a lithium hydroxide supply agreement for the North American market.
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