Mercedes-Benz: agreement with Rock Tech Lithium

(CercleFinance.com) - Mercedes-Benz has finalised a supply agreement with Canadian-German-start-up Rock Tech Lithium to secure high-quality lithium used as part of battery production.


This allows the Stuttgart-based luxury carmaker to get its battery partners supplied with raw materials to rapidly scale up its production of fully electric vehicles.

Mercedes-Benz plans to go all-electric by the end of the decade, wherever market conditions allow. As part of the agreement, Rock Tech Lithium plans to supply battery-grade lithium hydroxide to Mercedes-Benz battery partners from a converter based in Guben, Brandenburg, Germany. Lithium hydroxide is needed for the production of lithium-ion batteries which are used in Mercedes-Benz electric vehicles.

“Together with additional sourcing partnerships in the future, the on average 10,000 tonnes of lithium per annum will play a key role in securing the lithium supply for our battery production in Europe, to help achieve our ambitious electrification goals”, said Markus Schäfer, Member of the Board of Management of Mercedes-Benz Group AG, Chief Technology Officer, responsible for Research & Development and Procurement.

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