EXCLUSIVE: Major Automakers Target Lithium Supply From American Battery Technology Co.
Portfolio Pulse from Matt Whittaker
Major automakers are targeting lithium supply from American Battery Technology Co. (ABAT) as the company develops one of the largest lithium deposits in the U.S. at its Tonopah Flats project. The company is also involved in battery recycling and has partnerships with BASF and the U.S. Advanced Battery Consortium. Automakers like Ford, GM, and Tesla are seeking lithium sources to meet the growing demand for electric vehicle batteries.
June 24, 2024 | 2:18 pm
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American Battery Technology Co. is developing a significant lithium deposit in Nevada and has partnerships with major automakers and BASF. This positions the company as a key player in the lithium supply chain for electric vehicles.
The development of a large lithium deposit and partnerships with major automakers and BASF position ABAT as a critical supplier in the EV battery market, likely boosting its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
BASF is partnering with American Battery Technology Co. to secure lithium supply for battery cathode production, supported by a $2 million grant from the U.S. Advanced Battery Consortium.
BASF's partnership with ABAT and the grant support enhance its position in the battery cathode market, likely having a positive impact on its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Ford is among the automakers interested in securing lithium supply from American Battery Technology Co. to meet the growing demand for electric vehicle batteries.
Ford's interest in securing lithium supply from ABAT indicates its commitment to expanding its EV production, which could positively impact its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
General Motors is among the automakers interested in securing lithium supply from American Battery Technology Co. to meet the growing demand for electric vehicle batteries.
GM's interest in securing lithium supply from ABAT indicates its commitment to expanding its EV production, which could positively impact its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Stellantis is among the automakers interested in securing lithium supply from American Battery Technology Co. to meet the growing demand for electric vehicle batteries.
Stellantis' interest in securing lithium supply from ABAT indicates its commitment to expanding its EV production, which could positively impact its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tesla is among the automakers interested in securing lithium supply from American Battery Technology Co. to meet the growing demand for electric vehicle batteries.
Tesla's interest in securing lithium supply from ABAT indicates its commitment to expanding its EV production, which could positively impact its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50