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, Fordet 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.


Découvrez plus de EVXL.co

Subscribe to get the latest posts sent to your email.

Copyright © EVXL.co 2025. All rights reserved. The content, images, and intellectual property on this website are protected by copyright law. Reproduction or distribution of any material without prior written permission from EVXL.co is strictly prohibited. For permissions and inquiries, please nous contacter first. Also, be sure to check out EVXL's sister site, DroneXL.co, for all the latest news on drones and the drone industry.

FTC: EVXL.co is an Amazon Associate and uses affiliate links that can generate income from qualifying purchases. We do not sell, share, rent out, or spam your email.

Haye Kesteloo
Haye Kesteloo

Haye Kesteloo est rédactrice en chef et fondatrice de EVXL.cooù il couvre toutes les actualités liées aux véhicules électriques, notamment les marques Tesla, Ford, GM, BMW, Nissan et autres. Il remplit un rôle similaire sur le site d'information sur les drones DroneXL.co. Haye peut être contacté à haye @ evxl.co ou à @hayekesteloo.

Articles: 1367

Laisser une réponse