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By Shane Lasley
Metal Tech News 

Tesla heads to the mines for its batteries

Joins growing trend of EV automakers cutting deals with miners Metal Tech News Weekly Edition – January 22, 2020

 

Last updated 7/1/2022 at 12:10pm

Tesla CEO Elon Musk Gigafactory lithium-ion battery cobalt mine deal

Tesla Inc.

Tesla CEO Elon Musk speaks at the groundbreaking of the Gigafactory 3 lithium-ion battery plant in Shanghai, China. Musk said Tesla may need to get into the mining business to secure the materials needed to scale up its product delivery.

Tesla Inc. needs an increasing amount of lithium, graphite, nickel and cobalt for the lithium-ion batteries that power its growing lineup of electric vehicles.

With its own rapid expansion, coupled with every major automotive brand in the world adding increasing numbers of EV models to their lineups, securing sustainable and ethical supplies of the lithium, cobalt, graphite, and nickel that go...



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