Albemarle to Supply Ford With Lithium Hydroxide For EVs
22 Maggio 2023 - 1:23PM
Dow Jones News
By Will Feuer
Albemarle said it has struck a five-year deal to supply Ford
Motor with lithium hydroxide, starting in 2026.
Charlotte, N.C.-based Albemarle said it will supply the
automaker with more than 100,000 metric tons of battery-grade
lithium hydroxide for about 3 million future Ford electric vehicle
batteries.
"With the growing demand for EVs in the United States, our
customers are seeking to regionalize their supply chain for greater
security, sustainability and lower costs," said Eric Norris,
president of Albemarle Energy Storage.
The two companies will also explore further collaboration to
develop a closed-loop solution for lithium-ion battery
recycling.
Ford is set to discuss its latest agreements for battery raw
materials on Monday morning at an investor event.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
May 22, 2023 07:08 ET (11:08 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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