Exxon Mobil Plans Domestic Production Of Lithium In The U.S.
Oil giant Exxon Mobil says it will be making enough lithium in the U.S. to annually supply one million EVs by 2030.
Source: jalopnik.com
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Oil giant Exxon Mobil says it will be making enough lithium in the U.S. to annually supply one million EVs by 2030.
The company expects to begin production by 2027.
The move comes as the energy company, most known for its oil production and chemicals business, works to establish itself as a leading supplier for EVs by 2030.
Oil giant expects Arkansas mine to supply more than 1 million vehicles a year.
ExxonMobil is targeting lithium, tapping wells in Arkansas for the first time.