(News Bulletin 247) – Sociedad Química y Minera de Chile SA (SQM) and Ford Motor Company have announced a long-term strategic agreement to secure the supply of high-quality lithium products for the production of electric vehicles.
Ford’s agreement with SQM will ensure the supply of battery-grade lithium carbonate and lithium hydroxide, critical components for manufacturing high-performance electric vehicle batteries.
SQM’s lithium origin is expected to help Ford vehicles qualify for the IRA consumer tax credit and will help support its plans to produce electric vehicles and expand its presence in global electric mobility markets.
“This alliance will allow both companies to further contribute to the decarbonization of the planet on a global scale,” said Carlos Díaz, vice president in charge of lithium at SQM.
Lisa Drake, Ford vice president of EV industrialization added: ‘Working together helps Ford strengthen its plans to secure the lithium we need and to de-risk our plans to produce millions of EVs globally. over time. ‘
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