According to CNBC, Imerys officials said that the Emili Project will be located somewhere in the middle of France and they added that the company wants to produce 34.000 tons of lithium hydroxide per year from 2028 onwards.
The minerals specialized company says that the amount should be enough to make some 700.000 EVs per year.
Imerys announced that it is finalizing the initial technical study, as it wants to "explore various operational options and refine geological and industrial aspects relating to the lithium extraction and processing method."
Company officials say that the project "would also increase Europe’s industrial sovereignty at a time when car and battery manufacturers are heavily dependent on imported lithium, which is a key element in the energy transition."
French Economy Minister Bruno Le Maire also said that "this project, which is exemplary in terms of environment and climate, will drastically reduce our need for lithium imports."
MIT created 24M is a company that wants to change the way we manufacture lithium-ion batteries with its semi-solid cells.
The technology could help reduce cell manufacturing costs by as much as 40%, while improving on the energy density, safety and recyclability.
24M was able to license its SemiSolid solution to companies such as Volkswagen, Fujifilm and Axxiva and some battery factories based on this very technology could start production soon in Asia, Europe and the US.
24M CEO Naoki Ota said that "the SemiSolid platform has been proven at the scale of hundreds of megawatts being produced for residential energy-storage systems. Now we want to prove it at the gigawatt scale."