Tesla flees China and lands in Africa in search of essential mineral for batteries; meet agreement considered unique


Source: playcrazygame.com playcrazygame.com

Key Topics in this News Article:

News Snapshot:

THE Tesla is landing in new lands. The world’s largest electric car maker has landed in Mozambique in the search for an important component of its electric car batteries: the graphite. The idea is for the billionaire Elon Musk’s company to reduce its dependence on China. In what is considered a unique partnership between an electric vehicle manufacturer and a producer of the mineral essential for lithium-ion batteries, Tesla last month signed a deal with the Australian company. Syrah Resources, which operates one of the largest graphite mines in the world in the African country. The company will obtain the...