STLA - Mercedes-Benz Stellantis Consider Major Investment In Serbian Lithium Project | Benzinga
Mercedes-Benz Group AG (OTC:MBGYY) and Stellantis NV (NYSE:STLA) are in talks with the Serbian government to invest in lithium-processing and electric vehicle (EV) battery production.
Both companies’ involvement would focus on developing EV battery output and processing facilities.
The car companies, already partners in a battery joint venture, aim to build on the line of Rio Tinto Plc’s (NYSE:RIO) $2.4 billion investment in a Serbian mine.
These discussions mark progress in reviving the project that Serbia halted two years ago after local protests, reported Bloomberg.
The Serbian government has emphasized the need for a comprehensive lithium industry rather ...