Stellantis and Vulcan Energy Resources have signed a binding agreement for Vulcan to supply battery-grade lithium hydroxide in Europe for use in electrified vehicles to the Stellantis Group. The five-year agreement between the two companies will see shipments begin in 2026.

Before the two companies signed the agreement, it was announced during Stellantis’ EV day as part of the corporation’s electrification strategy. As part of the agreement, Stellantis will invest more than €30 billion through 2025 into electrification and software development.

Vulcan will supply Stellantis with a minimum of 81,000 metric tons, and a maximum of 99,000 metric tons of lithium hydroxide over the agreement’s five-year term. It is subject to the successful start of commercial operation at Vulcan’s facility and full product qualification.