Exxon Mobil Jumps into the Electric Car Game

Oil titan Exxon Mobil is venturing into the electric vehicle (EV) industry, looking to supply lithium to leading automakers, according to Bloomberg Law. Talks are underway with major players such as Tesla, Fordund Volkswagen, among others.

The negotiations also include tech giants Samsung and SK On Co, signalling Exxon’s intent to penetrate the EV battery market.

Last month, Exxon further underscored its commitment to the lithium market by partnering with Tetra Technologies Inc. Together, they will develop over 6,100 lithium-rich acres in Arkansas, highlighting Exxon’s efforts to control vital assets for EV battery production.

This move underscores a growing trend among traditional energy firms, increasingly investing in burgeoning technologies that expand the global supply of this crucial metal for EVs. Reportedly, the automakers involved did not comment on the situation when contacted.


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Haye Kesteloo
Haye Kesteloo

Haye Kesteloo ist die Chefredakteurin und Gründerin von EVXL.cowo er über alle Nachrichten im Zusammenhang mit Elektrofahrzeugen berichtet und dabei Marken wie Tesla, Ford, GM, BMW, Nissan und andere berücksichtigt. Eine ähnliche Rolle erfüllt er bei der Drohnen-Nachrichtenseite DroneXL.co. Haye ist zu erreichen unter haye @ evxl.co oder @hayekesteloo.

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