ExMobil And SK ON Sign The Memorandum Of Understanding Of Lithium Supply

2026-03-11 Leave a message

 

          On June 25th, the electric vehicle battery manufacturer SK On announced that it has signed a memorandum of forgiveness with an unreasonable understanding with US energy giant EXXONMOBIL. Battery supply chain in the area.

 

          According to the memorandum of understanding signed by the two parties, SK On can choose a many years of agreement, and then obtain a lithium of up to 100,000 tons from ExxonMobil in the Akrisan project. However, the two parties have not announced more details for the time being, such as the contract cycle and specific supply, and these details will be discussed in the future.

 

          SK On pointed out in a press release that through the memorandum of understanding, the company sought to establish a stable key mineral supply chain in the United States. The company is expanding its business in the United States, and its battery factory plans to use lithium from ExxonMobil.

 

          At present, SK on COMMERCE in Georgia, the United States, operates two electric vehicle battery factories and builds three battery factories with Ford Motor in the United States. It is reported that Blueoval SK, a joint venture between SK and Ford, plans to operate two battery factories in Glendale, Glendale, Kent, and operate a factory in Stanton, Tennessee.

 

          In addition, SK ON and Hyundai’s joint venture companies also build electric vehicle battery factories in Bartow County, George. The company expects that after 2025, its annual capacity in the United States will exceed 180 GWh and can provide battery for about 1.7 million electric vehicles per year.

 

          At the end of 2023, ExxonMobil announced that it plans to become a leading manufacturer of lithium, and its first -phase lithium production work in North America has started in southwestern Arkansas. ExxonMobil adopts traditional oil and natural gas drilling methods to obtain lithium saline -rich saline from a reservoir of about 10,000 feet underground, and then use direct lithium extraction technology (DLE) to separate lithium from salt water, and then lithium will be located on the spot It is transformed into a battery -level material, and the remaining saline will be re -injected into the underground reservoir.

 

         At that time, Exxon Mobil said that it planned to achieve the first batch of lithium in 2027, and hoped that the lithium produced each year would meet the manufacturing needs of more than 1 million electric vehicles each year. Battery manufacturers and other potential customers negotiate.