Shulou(Shulou.com)11/24 Report--

October 21 news, according to foreign media reports, with the increase in demand for electric vehicles, major manufacturers are increasing investment in electric vehicles, committed to independent production of battery manufacturers, but also increase investment in raw materials to ensure adequate supply.

The latest reports from foreign media show that luxury car manufacturer Mercedes-Benz has signed a battery-grade lithium hydroxide supply agreement with Rock Tech Lithium, a Canadian startup with a lithium mine project.

Mercedes-Benz and Rock Tech Lithium have announced the signing of the agreement on their official websites, and the two companies have reached a strategic cooperation agreement in August.

According to the news published by the two companies on their official websites, they signed a battery-grade lithium hydroxide supply agreement worth about 1.5 billion euros (about 10.605 billion yuan) for a period of five years, supplied by Rock Tech Lithium to Mercedes-Benz, averaging about 10000 tons of refined lithium hydroxide per year, starting in 2026.

According to Mercedes-Benz, the battery-grade lithium hydroxide supplied to them by Rock Tech Lithium will be refined in Germany to re-produce batteries and use them in Mercedes-Benz to produce electric vehicles.

According to the news released by the two companies on their official websites, Rock Tech Lithium supplies an average of 10000 tons of refined lithium hydroxide per year, producing batteries that can meet the needs of about 150,000 electric vehicles equipped with high-quality high-performance batteries.

Regarding the collaboration between the two companies, Markus Schäfer, member of the Mercedes-Benz Management Board and Chief Technology Officer responsible for R & D and procurement matters, said that the large amount of lithium obtained directly from Rock Tech Lithium will help them advance the production of advanced batteries in Europe, with an average of 10000 tons of lithium hydroxide per year, and will play a key role in ensuring the lithium supply for their production batteries to help them achieve their ambitious electrification goals.

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