Mercedes signs $1.5B deal with Rock Tech Lithium to boost EV output

Lithium is an ingredient for the batteries used in electric cars and is often referred to as white gold. Pictured is lithium ore. — Lithium ore is pictured.

By:

Reuters

October 20, 2022 01:58 PM

BERLIN -- Mercedes-Benz has signed a supply agreement with Canadian-German Rock Tech Lithium to receive on average 10,000 tons of battery-grade lithium hydroxide per year, the automaker said.

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