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Tesla Seals Major Deal to Get Battery Resources Outside of China

January 17, 2022
Source: outsider.com outsider.com
News Snapshot:
Elon Musk’s electric car brand Tesla has reportedly secured a major deal to get battery resources outside of China. According to ABC News , Tesla is now teaming up with Mozambique for its electric battery component. The media outlet reports that analysts now believe this is a first-of-its-kind deal that is looking to reduce the car company’s dependence on China for graphite. Tesla notably signed an agreement in December with Australia’s Syrah Resources, which reportedly operates one of the world’s largest graphite mines in the southern African country. The partnership is notably critical for lithium-ion batteries. The deal’s value has...
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China Tech Buzz Topics: Africa | agreement | America | battery | brand | car | China | data | electric car | electric vehicle | factory | IT | lithium | manufacturing | media | Mozambique | news | Pandemic | Shanghai | supply chain | technology | Tesla | United Kingdom | university | USA

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