Tavares strategy to ensure adequate availability of raw materials for electric car batteries
Stellantis And Nissan accelerate on electrification. The automotive giant led by Carlos Tavares has entered into a binding agreement with Vulcan Energy Resources for the European supply of lithium hydroxide for batteries, to be used in the electrified vehicles of the group in whose capital it exists Exor of the Agnelli family. The five-year deal calls for shipments to begin in 2026, a statement said. The agreement is part of the electrification strategy of Stellantis and in the commitment to ensure adequate availability of essential raw materials for batteries in electrified vehicles.
The project Zero Carbon Lithium started by Vulcan in Germany, in the upper Rhine valley, it uses geothermal energy to produce lithium hydroxide for batteries obtained from frost, without the use of fossil fuels and with minimum water consumption, thus reducing the production of carbon in the metal supply chain for batteries. Vulcan will provide to Stellantis between 81,000 and 99,000 tons of lithium hydroxide in the five-year period duration of the agreement. The supply agreement is subject to the successful launch of the commercial activity of the Vulcan plant and the complete qualification of the product, concludes the note.
Nissan has announced plans to invest $ 17.59 billion over the next 5 years to accelerate the move to electric
Across the globe, Nissan Motor announced its intention to invest 2,000 billion yen (17.59 billion dollars) over the next 5 years to accelerate the transition to electric, aiming to catch up with rivals in one of the fastest growing areas of the auto industry.
It is the first time that the third largest car manufacturer in all of Japan, one of the first manufacturers of electric vehicles designed for mass consumption thanks to the Leaf model released over a decade ago, unveils a comprehensive plan for electrification. Nissan will spend twice as much as it did in the previous decade on the electric market, while competitors like Toyota and the new names like Tesla, carry out their plans for electrification.
Nissan announced plans to introduce 23 electrified vehicles by 2030, including 15 fully electric vehicles, and aims to cut lithium-ion bacteria costs by 65% within the next eight years. The group also aims to introduce potentially revolutionary and completely solid new batteries by March 2029.
According to CEO by Nissan Makoto Uchida these adjustments will make electric vehicles affordable for more drivers. “We will increase our efforts to make electrification more democratic,” Uchida said during an online presentation. Some analysts, however, remained cold about the plans of Nissan, noting that the group is already lagging behind its rivals in the race to electrification.
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