Also Fiat, Alfa Romeo, Chrysler and a bunch of other marques.
Following up on July 8's Stellantis: "Jeep Maker Will Plow $36 Billion Into Electrifying Lineup" (STLA).
From Reuters via Nasdaq, July 9:
Stellantis, the world's fourth-largest automaker with brands that include Jeep and Peugeot, has signed memorandums of understanding for lithium supply with geothermal brine projects in California and Germany, according to two sources.
Stellantis STLA.MI, the world's fourth-largest automaker with brands that include Jeep and Peugeot, has signed memorandums of understanding for lithium supply with geothermal brine projects in California and Germany, according to two sources.
Automakers across the globe have been jockeying for access to lithium, a key ingredient used to make electric vehicle (EV) batteries. They also want the metal to be produced with as little carbon footprint as possible.
Stellantis said this week it plans to invest more than 30 billion euros ($35.54 billion) through 2025 on electrifying its vehicle lineup.
The agreements are with privately held Controlled Thermal Resources (CTR) Ltd, which operates in California's Salton Sea about 160 miles (258 km) southeast of Los Angeles, and Vulcan Energy Resources Ltd VUL.AX, which operates in Germany's Black Forest area of southwestern Germany, according to the sources....
....MUCH MORE
The Vulcan Energy story seems a bit wild, if interested see June 8's "Germany plans to mine boiling-hot lithium deep beneath the Rhine River"
I pictured it seeping out into the river and mellowing the Dutch.
