Mercedes-Benz Group AG and Stellantis NV are in discussions with the Serbian government to invest in lithium-processing and EV battery production, potentially supporting what could become Europe’s largest lithium mine These carmakers, already partners in a battery joint venture, are considering following Rio Tinto Group's investment in the proposed $2 4 billion mine in Serbia by developing processing and EV battery output, according to sources familiar with the situation
These discussions mark a significant step in reviving Rio’s Jadar mine, which was blocked two years ago following mass protests that brought Serbian cities to a standstill