Stellantis signs off-take agreement with Australian miner Kuniko for battery metals
Views : 102
Update time : 2023-07-05 12:33:49
Australian metals miner Kuniko said on July 3 that it has signed an offtake and equity investment agreement with automaker Stellantis, according to media reports.
Stellantis has agreed to invest 5 million euros ($5.45 million) in the battery metals miner in exchange for a nearly 20 percent stake in Kuniko, which said in a statement that Stellantis will also receive 35 percent of future nickel and cobalt sulfate production from Kuniko's Norwegian exploration project for nine years. We are actively pursuing access to a comprehensive portfolio of raw materials to meet our Dare Forward 2030 electrification targets," said Maxime Picat, chief procurement and supply chain officer at Stellantis. The partnership with Kuniko gives us an added lever to support our European battery needs through its indigenous Norwegian environmental program." As part of the Dare Forward 2030 strategic plan, Stellantis previously announced plans to achieve a 100 percent all-electric passenger car portfolio in Europe and a 50 percent all-electric passenger car and light truck portfolio in the U.S. by 2030. Stellantis has partnered with several companies to provide a stable supply of key materials for its electrification strategy. In addition to Kuniko, Stellantis has signed partnership agreements with Alliance Nickel, McEwen Copper, Terrafame, Vulcan Energy, Element 25 and Controlled Thermal Resources. Our strategic partnership with Stellantis promotes sustainable battery value chain solutions in Europe and validates the potential of our portfolio of battery metal projects in Norway," said Antony Beckmand, CEO of Kuniko. We look forward to working with Stellantis to achieve success in exploration and move towards production to make a meaningful contribution to the growth and progress of the European battery industry."
The LDK220 series of low-dropout linear regulators (LDOs) is a high-performance device designed specifically for low-power consumption and high-precision voltage regulation, widely used in scenarios such as consumer electronics, industrial control, and po
Xilinx Spartan®-7 FPGA Family stands as a defining solution in the mid-range FPGA landscape, blending high performance, energy efficiency, and cost-effectiveness to redefine versatility for industrial, IoT, and consumer electronics applications. Built on
The Altera FLEX series was more than a lineup of FPGAs—it was a blueprint for how programmable logic devices could evolve to meet diverse market needs. The FLEX 8000 laid the architectural groundwork, the FLEX 10K redefined functionality with embedded mem
Among TI standout offerings, the LM4765 and LM4766 are dual-channel amplifiers designed to cater to diverse audio needs—from compact setups to high-fidelity systems. While sharing the same product lineage, these chips differ significantly in power output,
