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Stellantis invests more than $100 million in California lithium project

Stellantis said it would invest more than $100 million in California's Controlled Thermal Resources, its latest bet on the direct lithium extraction (DLE) sector amid the global hunt for new sources of the electric vehicle battery metal. The investment by the Chrysler and Jeep parent announced on Thursday comes as the green energy transition and U.S. Inflation Reduction Act have fueled concerns that supplies of lithium and other materials may fall short of strong demand forecasts. DLE technologies vary, but each aims to mechanically filter lithium from salty brine deposits and thus avoid the need for open pit mines or large evaporation ponds, the two most common but environmentally challenging ways to extract the battery metal. Stellantis, which has said half of its fleet will be electric by 2030, also agreed to nearly triple the amount of lithium it will buy from Controlled Thermal, boosting a previous order to 65,000 metric tons annually for at least 10 years, starting in 2027. "This is a significant investment and goes a long way toward developing this key project," Controlled Thermal CEO Rod Colwell said in an interview. The company plans to spend more than $1 billion to separate lithium from superhot geothermal brines extracted from beneath California's Salton Sea after flashing steam off those brines to spin turbines that will produce electricity starting next year. That renewable power is expected to cut the amount of carbon emitted during lithium production. Rival Berkshire Hathaway has struggled to produce lithium from the same area given large concentrations of silica in the brine that can form glass when cooled, clogging pipes. Colwell said a $65 million facility recently installed by Controlled Thermal can remove that silica and other unwanted metals. DLE equipment licensed from Koch Industries would then remove the lithium. "We're very happy with the equipment," he said. "We're going to deliver. There's just no doubt about it." Stellantis CEO Carlos Tavares called the Controlled Thermal partnership "an important step in our care for our customers and our planet as we work to provide clean, safe and affordable mobility." Both companies declined to provide the specific investment amount. Controlled Thermal aims to obtain final permits by October and start construction of a commercial lithium plant soon thereafter, Colwell said. Goldman Sachs is leading the search for additional debt and equity financing, he added.

Here's what Ram may name its electric pickup

Ram's answer to the Ford F-150 Lightning and the Chevrolet Silverado EV is due out in 2024. Official details about the electric pickup are few and far between, but a recent trademark filing might have revealed the nameplate that the model will wear when it lands in showrooms. Parent company Stellantis asked the United States Patent and Trademark Office (USPTO) to trademark the name "Ram Revolution" in January 2022. Discovered by CarBuzz, the filing applies to "motor vehicles, namely, passenger trucks" so it's not for a toy or an event. The filing has fueled speculation that Revolution will be the name given to the 1500's electric sidekick. It's a move that would make sense; Ram pledged to redefine the segment, so the pickup will be more of a revolution than an evolution, and the word "revolution" has "EV" in it. Unlike rival Ford, Ram doesn't have an EV-friendly nameplate in its attic that's waiting to be dusted off. Dodge's trucks were lumped under the D-Series umbrella for decades, and its limited-edition models wore names like The Dude, Warlock, and Macho Power Wagon. We suppose that the Li'l Red Express could become the Li'l Green Express, but that territory is arguably best left unexplored. And, following Chevrolet's lead by tacking "EV" after the "1500" nameplate is seemingly not creative enough for the company's marketing department. As always, a trademark filing is not a guarantee that a nameplate will see the light that awaits at the end of a production line. If it was, Volkswagen would sell the Amarok in the United States and the Falcon would again be part of the Ford lineup. Ram hasn't commented on the trademark filing, and it hasn't revealed what it plans to call its first series-produced electric truck. More details should emerge in 2022.

2019 Ram 1500 aces IIHS crash tests

The Insurance Institute for Highway Safety has finally performed crash tests on the completely redesigned 2019 Ram 1500 pickup truck, and it's mostly great news for the Ram. The Crew Cab earned the highest "Good" rating in all six crash tests. Impressively, that includes both the driver and passenger small overlap tests, which has been a rare feat. It's also the first truck to get a rating in that passenger-side test, thus is also the only truck with a "Good" rating for the crash type. The 2019 Ram also marks a major improvement over the previous-generation Ram, which only scored the second-lowest rating of "Marginal" in the driver small overlap test. The passenger side wasn't tested. The old Ram also only had a "Marginal" roof strength rating. In addition to having great crash test results, the Ram 1500 also earned the best possible rating for its optional forward collision prevention technology. It was capable of bringing the truck to a complete stop, avoiding a collision at speeds up to 25 mph. The Ram's only weak point was its headlights, which were rated "Marginal" at best. Because of the headlight performance, the IIHS didn't give it a Top Safety Pick award. This is a weak point for most trucks, as the only ones with headlight ratings above "Marginal" are the Honda Ridgeline and the 2018 GMC Sierra. The Ridgeline is also the only pickup tested by the organization to receive the Top Safety Pick award. With that being said, both the 2019 Ram 1500 as well as the 2018 Ford F-150 should qualify for the Top Safety Pick award if headlight performance improves. Note that the collision prevention and headlight ratings also apply to the Ram 1500 Quad Cab, but that the crash ratings do not. It's likely the IIHS will test that in the future. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.