Mercedes-Benz Group AG and Stellantis NV are in discussions with Serbia’s government to invest in lithium-processing and EV battery production, potentially adding fresh support for what may become Europe’s biggest lithium mine.
The carmakers, who are already partners in a battery joint venture, are willing to follow Rio Tinto Group’s investment in the proposed $2.4 billion mine in Serbia by developing processing and EV battery output, according to people familiar with the situation.
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Stellantis, Mercedes in talks to back Serbia’s lithium plans
Creating a broader lithium industry — rather than just exporting the raw material — has been a key demand of the Serbian government.
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