Saudi Arabia backs lithium startups as it sharpens upstream focus

Plug in a modern electric car with flag of saudi arabia. conceptual animation 3D rendering

Saudi Arabia is moving further upstream in the battery supply chain, investing in two lithium companies over the past month, as the country emerges as a major capital allocator in the sector. Last month, Saudi investment firm Energy Capital Group invested an undisclosed sum into US lithium metal battery startup Pure Lithium, which says it […]

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