News Snapshot:
Tesla partners two Chinese suppliers for EV battery materials US EV giant Tesla has signed two new long-term deals with two of its existing Chinese battery-materials suppliers, in order to secure supplies for electric vehicle batteries amid intensifying competition. Tesla has signed a deal with Zhejiang Huayou Cobalt Co. and CNGR Advanced Material Co. for until the middle of this decade. The deals include sourcing materials for ternary precursor materials and chemical cocktails that are key to storing energy in lithium-ion batteries. The announcements come as major automakers look to scoop up battery metals in the face of a looming...
