The new facility will support the production of up to 1 million EVs per year.
“So it is basically like minting money right now. There’s like software margins in lithium processing right now. So I would really like to encourage, once again, entrepreneurs to enter the lithium refining business. You can’t lose. It’s a license to print money,” Musk said last year.updated the timeline for the lithium refinery, estimating that it will finish construction next year and achieve production in 2025.
During the presentation, Tesla's representatives didn’t reveal too many details about the new facility but said that the technology used for the refining process cuts several steps compared to traditional facilities and that it reduces waste. Additionally, the company plans on importing lithium ore and using lithium from recycled batteries, reducing the environmental impact even further.
Tesla’s lithium refinery near Corpus Christi, Texas will cost around $365 million and will employ about round 165 people full-time plus another 250 construction workers for approximately two years.in January, when Tesla was looking for an Area Superintendent, Project Scheduler, and Area Construction Manager, among others.
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