Post by
JimToronto on Mar 30, 2023 9:45pm
Tesla Pursues Building a New US Battery Plant
Tesla Pursues Building a New US Plant With China’s Dominant Battery Maker
https://www.bnnbloomberg.ca/tesla-pursues-building-a-new-us-plant-with-china-s-dominant-battery-maker-1.1902726
Tesla is in expansion mode, deploying its $22 billion in cash to crank up production volumes and lower costs as it faces increased competition. CATL, which makes lithium iron phosphate batteries, a chemistry that is cheaper than the nickel-based batteries used in the West, is key to that plan.
The EV maker discussed plans involving Contemporary Amperex Technology Co. Ltd. with the White House in recent days, said the people, who asked not to be identified revealing private conversations. Tesla representatives sought clarity on the Inflation Reduction Act rules that the Biden administration is finalizing this week