Mercedes signs deal with Rock Tech Lithium to push e-vehicle drive

Rock Tech Lithium

20/10/2022 07:17

BERLIN, Oct 20 (Reuters) - Mercedes-Benz has signed a
supply agreement with Canadian-German Rock Tech Lithium Inc
 RCK.V  to receive on average 10,000 tons of battery-grade
lithium hydroxide per year, the German carmaker said on
Thursday.
    The deal allows the luxury carmaker to supply its battery
partners with raw material, starting in 2026, including a
qualification period, in order to rapidly scale up production of
fully electric vehicles, the company said in a statement.
 (Writing by Rachel More; Editing by Maria Sheahan)
 ((rachel.more@thomsonreuters.com;))