Tesla to source outside China for Graphite


Source: euroweeklynews.com euroweeklynews.com

Key Topics in this News Article:

News Snapshot:

Hertz car rental announces record purchase of Tesla EV's. image: Twitter The American electric car company Tesla, is to source outside of China supplies of key ingredients for its lithium-ion batteries. The news comes as Tesla looks to reduce its reliance on China. Analysts believe this to be a first of its kind deal that will see Elon Musk’s company sourcing its graphite from Australia’s Syrah Resources, who operate the world’s largest graphite mine in Mozambique. The value of the agreement has not been disclosed. The material will bought from the company’s processing plant in Vidalia, Louisiana, which sources graphite...