As the world moves further into 2020, the Stellantis Era has officially begun. On Oct. 18th, the merger between Fiat Chrysler Automobiles and Groupe PSA was completed. As the fourth largest automotive company in the world, Stellantis is now embarking on a production and electric vehicle venture in Argentina.
The joint venture in Argentina includes lithium production in the regions of Jujuy, Catamarca, and Salta Provinces. As per Stellantis the purpose behind this venture is to advance their technological progress in the areas of electric and autonomous vehicle production and related applications.
At the same time, such a venture secures access to lithium resources from Argentina’s Antofalla North Project. An internationally respected and certified resource, Antofalla North is a world-class deposit providing access to over 100 million tonnes of lithium lithium-bearing brines, a key resource for the production of electric vehicle batteries and many other technologies.
The primary project operator, Argentina-based LithiumTo, has planned to drill up to 30 holes in order to better understand the development potential of the project. Data from the drilling program at Antofalla North will be used to build a clearer framework and accelerate research and development of the project for the Argentinian market.
In order to advance the completion of the drilling program, LithiumTo have made strategic partnerships with European and Canadian lithium players. With these partners, it is estimated that the drilling program will be completed within four to five months time.
There are no doubts that the new partnership between Fiat Chrysler Automobiles and Groupe PSA is a major step towards Stellantis’ global expansion plans. With the new joint venture, the Argentinian capital of Antofalla North is set to become a major contributor to the pursuit of advanced technology and global market demand.