Mercedes-Benz, Stellantis Consider Major Investment In Serbian Lithium Project
Portfolio Pulse from Shivani Kumaresan
Mercedes-Benz Group AG and Stellantis NV are in discussions with the Serbian government to invest in lithium-processing and EV battery production. This initiative aims to develop a comprehensive lithium industry in Serbia, reducing Europe's reliance on Asian imports. Despite a slowdown in EV adoption, this project could boost Serbia's economic growth and technological advancements.
July 18, 2024 | 1:27 pm
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Mercedes-Benz Group AG is in discussions to invest in Serbian lithium-processing and EV battery production, aiming to develop a comprehensive lithium industry in Serbia.
Mercedes-Benz's involvement in the Serbian lithium project could enhance its EV battery production capabilities, potentially increasing its market share in the EV sector. This strategic move aligns with the company's goals to expand its EV offerings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Rio Tinto Plc has already invested $2.4 billion in a Serbian mine, which is part of the broader initiative to develop a comprehensive lithium industry in Serbia.
Rio Tinto's existing investment in the Serbian mine is a foundational element of the broader lithium industry development in Serbia. This could lead to increased demand for Rio Tinto's resources and positively impact its revenues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Stellantis NV is in talks with the Serbian government to invest in lithium-processing and EV battery production, aiming to develop a comprehensive lithium industry in Serbia.
Stellantis' involvement in the Serbian lithium project could enhance its EV battery production capabilities, potentially increasing its market share in the EV sector. The news of the investment has already led to a 3.20% increase in STLA shares in premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100