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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
Our Standards: The Thomson Reuters Trust Principles.
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