Monday, October 6, 2025

Latest

Stellantis Acquires Stake In Decarbonized Lithium Producer Vulcan For €50 Million

Weeks after establishing its hydrogen fuel cell division, Stellantis NV (NYSE: STLA) has turned its investing attention into low-carbon lithium production. The automaker announced today its €50 million equity investment into lithium producer Vulcan.

The investment effectively gives the Netherlands-based automaker an approximate 8% equity in Vulcan, making it the second-largest shareholder of the Australian firm.

“Making this highly strategic investment in a leading lithium company will help us create a resilient and sustainable value chain for our European electric vehicle battery production,” said CEO Carlos Tavares.

The investment is said to be intended for Vulcan’s planned production expansion drilling in its producing Upper Rhine Valley Brine Field. From producing geothermal energy out of the property, the firm now wants to produce lithium hydroxide with zero fossil fuels.

This is part of Vulcan’s flagship Zero Carbon Lithium™ Project, aiming to “produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resource.”

Stellantis has also extended the five-year lithium supply agreement with Vulcan to 10 years.

The luxury brand carmaker has previously announced its goal to achieve carbon net zero by 2038, with a 50% reduction by 2030.

The announcement of the Vulcan investment follows after news reports circulated that Stellantis’s German supplier Continental was the reason for the carmaker to halt production at its two French auto plants.

According to sources of the French business paper La Tribune, Continental failed to “deliver its connected navigation and entertainment systems to a Citroen plant in Rennes.” At another plant in Sochaux, the supplier is reportedly unable to deliver touch screens for Peugeot cars.

In April 2022, the carmaker announced its joint venture with LG Energy Solution to build Ontario’s “first large-scale” electric vehicle battery manufacturing plant, estimated to cost $5 billion to erect.

Stellantis last traded at US$12.89 on the NYSE.


Information for this briefing was found via Reuters and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

LG Energy-Stellantis JV Looks To Invest $5 Billion For Ontario’s First Large-Scale EV Battery Facility

The joint venture of LG Energy Solution and Stellantis NV (NYSE: STLA) announced a $5...

Thursday, March 24, 2022, 10:11:00 AM

Stellantis and Canada Resolve Battery Plant Dispute

Stellantis NV has reached a mutually beneficial agreement with Canada, bringing an end to their...

Thursday, July 6, 2023, 11:22:00 AM

Stellantis Sounds Alarm Over Structural Inflationary Pressures

Major automaker Stellantis NV has joined the growing list of companies sounding the alarm over...

Wednesday, July 21, 2021, 12:19:54 PM

Stellantis Invests Over $35 Billion Towards EV Lineup

Stellantis, the consolidated automaker behind brands Fiat Chrysler and French-based PSA Groupe, has decided to...

Friday, July 9, 2021, 04:22:00 PM

Stellantis to Cut 1,100 Jobs at Ohio Jeep Plant

Stellantis (NYSE: STLA) announced Wednesday the layoff of approximately 1,100 workers at its Toledo, Ohio...

Thursday, November 7, 2024, 06:56:33 AM