Exxon To Start Producing Lithium In Arkansas To Become "Major" EV Battery Supplier
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Fossil fuel giant Exxon is betting its U.S. lithium operation will power a new generation of electric cars.
Exxon Mobil said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries and advanced electronics. Exxon said it will start production from briny waters pumped out of the ground in an area in the state of Arkansas known to hold significant lithium deposits to help develop a domestic source of the metal. "In the long term, lithium really is a global opportunity," said Dan Ammann, president of Exxon's Low Carbon business unit.
Cruise CEO Kyle Vogt's driverless car company faces its own safety concerns as he contends with angry regulators, anxious employees and skepticism about his management and the viability of a business that he has often said will save lives while generating billions of dollars.
Cruise, General Motors’ self-driving division, knew its cars sometimes had problems detecting children — but kept the vehicles on the road.