Chilean lithium miner, SQM, the world's second-largest lithium producer, says it has reached a long-term supply deal with Hyundai and Kia to provide the carmakers with the white metal, key to the production of electric vehicle batteries.
Hyundai and Kia will "secure a portion of (their) future lithium hydroxide supply from SQM", the SQM, which has already landed supply deals with Ford Motors and battery maker LG Energy, said in a statement.
SQM did not give financial details of the deal with the Korean automakers, but said there was "strong motivation to continue with (its) lithium hydroxide expansion plan."
The mining company’s current Chilean capacity for lithium hydroxide, made from lithium carbonate, is at 40 000 metric tons a year, according to its first-quarter results.
SQM is on track to boost output in Chile to 100 000 tons in 2025. It is also building up capacity in China and Australia.
At the end of May, SQM signed an agreement with Chilean state-run mining company, Codelco, to form a joint venture that will let SQM boost output through to 2060 at the Salar de Atacama, one of the world's most prized areas for extracting lithium.
(Reuters).
Kia South Africa this weekend rewarded its top-performing dealerships across the country with prizes for outstanding achievements in sales, after-sales and service operations.
Vehicle sales in South Africa got off to a promising start in January, registering a 10.4% increase compared to the same period last year.
Hyundai Automotive South Africa has announced the appointment of Zweli Mnisi (photo) as the new General Manager: Corporate Communications.
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You can't build a reputation on what you are going to do.
Henry Ford
Zero Carbon Charge (CHARGE) calls on President Cyril Ramaphosa to use his State of the Nation Address (SONA) on Thursday to announce concrete incentives and plans to accelerate South Africa’s electric vehicle (EV) transition, emphasising the crucial role of charging infrastructure—especially off-grid stations.
Last year, Volvo Car South Africa revealed impressive sales figures for its electric vehicle (EV) line-up. But how did it all start?
When the first motorised vehicle, the Benz Patent-Motorwagen arrived in 1885, people in general did not take it too seriously. It was not considered as an alternative to the trusted horse, horse cart or family-size horse carriage.
