Stellantis invests over $100M in California lithium project

The investment by parent company Chrysler and Jeep, which was announced on Thursday, stems as the move to green energy and the U.S. Inflation Reduction Act raised concerns that supplies of lithium and other materials could do not meet high demand forecasts.

DLE technologies vary, but each s focuses on mechanical filtration of lithium from salt deposits and thus eliminating the need of open pits or large evaporation ponds, two of the most common but environmentally challenging ways to recover battery metal.

Stellantis, which said half of its car fleet will be electric by 2030, also agreed to nearly triple the amount of lithium it will buy from Controlled Thermal, increasing the previous plan to 65 000 metric tons per year for at least 10 years, starting 2027