Tesla looks to Africa for key battery component to reduce dependence on China

LONDON — Tesla is turning to Mozambique for a key component in its electric car batteries in what analysts believe is a first-of-its-kind deal designed to reduce its dependence on China for graphite.

The deal is part of Tesla’s plan to ramp up its capacity to make its own batteries so it can reduce its dependence on China, which dominates global graphite markets, said Simon Moores of United Kingdom-based battery materials data and intelligence provider, Benchmark Mineral Intelligence. It comes as every major automaker is racing to get into electric vehicles amid concerns about climate change.

A new battery factory that the company is building in its new hometown of Austin, Texas, will allow it to get closer to self-sufficiency, but Moores said it is still buying batteries from other manufacturers, “and that won’t change this decade.” It’s unlikely that the Tesla deal with Syrah will rankle the Chinese government because China has plenty of markets for its graphite, including increased domestic electric vehicle production, Abuelsamid said.

Politically unstable.. child and forced labour issues and to top it off the strongman government's use the money to buy even more weapons..ethical investors should give it a wide berth but please of money to be made if you've no qualms about dealing with these people.

This is likely helping $RNU sentiment

Although india has a much better infrastructure and skilled labour than africa. Tesla, instead of coming to india to reduce dependence on china chose Africa. Again the indians got triggered🤣🤣🤣

china owns most of africa......

Should someone tell elonmusk that Africa is now belonging to China?

Diamonds or a form of carbon based battery......

And then we wonder why corporations run this country.. We have Tesla competing against the whole of China to try and secure rare Earth minerals in Africa.

Looking to pillage the natural resources from Africa. Africa African Tesla ESG

Duhhhhh Vibranium lol

their cars are made in China FFS

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