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Elon Musk Just DESTROYED China!
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The leading automobile company Tesla just recently signed a deal with Australia’s Syrah resources as it is turning to Mozambique for a key component in its electric car and that is graphite. According to analysts it is a first-of-its-kind deal designed to reduce its dependence on China for graphite.
So, is Elon Musk really ending ties with China? Let’s find out!
Hey guys! Welcome back to our channel Elon Musk Evolution where we tell you all the latest news about Elon Musk and his multibillion companies. In today’s video we are going to talk about Why Elon Musk is having a feud with China and how is he going to reduce his dependency on it by signing new deals and partnerships? If you want to find out more, then stay with us until the end of the video. Also, before we start the video don’t forget to hit like, subscribe to our channel and ring the bell icon for more amazing videos. And let’s get started!
Tesla recently signed an agreement with Australia’s Syrah Resources, which operates as one of the world’s largest graphite mines in the southern African country. This is a very unique partnership between an electric vehicle manufacturer and a producer of a specific mineral which is very critical for Tesla’s lithium ion batteries however, the value of the deal has not been revealed yet.
According to this deal Tesla will buy the material from the company’s processing plant in Vidalia, Louisiana, which sources graphite from its mine in Balama, Mozambique. Tesla’s company based in Texas plans to buy 80% of resources that is 8000 tons of graphite per year from Syrah Resources, starting in 2025.
A United Kingdom-based battery materials data and intelligence provider Simon Moore said that 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.
“It starts at the top with geopolitics. The U.S. wants to build enough capacity domestically to be able to build (lithium-ion batteries) within the USA. And this deal will permit Tesla to source graphite independent from China.”
He also said that producing the batteries in the U.S. will reduce some of the questions related to the issues between Chin and Tesla, regarding environmental concerns at some mines. In addition, Chinese officials are also accused of forced labor and other human right abuses against mostly Muslim ethnic minorities in the region of Xinjiang where Tesla has set up a showroom.
Moore has further highlighted that the battery industry has been confronted with a short supply of graphite in recent months. It comes as every major automaker is racing to get into electric vehicles amid concerns about climate change. Furthermore, Tesla is making almost a million electric cars per year, and sourcing enough batteries is its biggest constraint until now. Moore stated:
“They’ve upped their own battery manufacturing capacity, but they can’t get enough batteries.”
#Elon #Musk #SpaceX #Tesla #Leaked #Talks #Success #Goals #Inspire
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► Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise.
So, is Elon Musk really ending ties with China? Let’s find out!
Hey guys! Welcome back to our channel Elon Musk Evolution where we tell you all the latest news about Elon Musk and his multibillion companies. In today’s video we are going to talk about Why Elon Musk is having a feud with China and how is he going to reduce his dependency on it by signing new deals and partnerships? If you want to find out more, then stay with us until the end of the video. Also, before we start the video don’t forget to hit like, subscribe to our channel and ring the bell icon for more amazing videos. And let’s get started!
Tesla recently signed an agreement with Australia’s Syrah Resources, which operates as one of the world’s largest graphite mines in the southern African country. This is a very unique partnership between an electric vehicle manufacturer and a producer of a specific mineral which is very critical for Tesla’s lithium ion batteries however, the value of the deal has not been revealed yet.
According to this deal Tesla will buy the material from the company’s processing plant in Vidalia, Louisiana, which sources graphite from its mine in Balama, Mozambique. Tesla’s company based in Texas plans to buy 80% of resources that is 8000 tons of graphite per year from Syrah Resources, starting in 2025.
A United Kingdom-based battery materials data and intelligence provider Simon Moore said that 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.
“It starts at the top with geopolitics. The U.S. wants to build enough capacity domestically to be able to build (lithium-ion batteries) within the USA. And this deal will permit Tesla to source graphite independent from China.”
He also said that producing the batteries in the U.S. will reduce some of the questions related to the issues between Chin and Tesla, regarding environmental concerns at some mines. In addition, Chinese officials are also accused of forced labor and other human right abuses against mostly Muslim ethnic minorities in the region of Xinjiang where Tesla has set up a showroom.
Moore has further highlighted that the battery industry has been confronted with a short supply of graphite in recent months. It comes as every major automaker is racing to get into electric vehicles amid concerns about climate change. Furthermore, Tesla is making almost a million electric cars per year, and sourcing enough batteries is its biggest constraint until now. Moore stated:
“They’ve upped their own battery manufacturing capacity, but they can’t get enough batteries.”
#Elon #Musk #SpaceX #Tesla #Leaked #Talks #Success #Goals #Inspire
___
Hope you guys enjoy this!
👉 If you enjoy this video, please like it and share it.
👉 Don't forget to subscribe to this channel for more updates.
Thanks for watching! If you know someone who could use this video, share it with them!
Tags:
Elon Musk, Spacex, Tesla, Spacex starship, Starship, Starship launch, Spacex news, Spacex news today, Tesla news today, Tesla news, Tech, Technology, Elon, Musk, Rocket, Elon Musk interview, New Tech, High tech, Business news, Breaking news, Exposed, Spacex test, Tesla and Spacex, Spacex rocket, Starship Spacex, Spacex today, Space x, Inspirational, Motivational, Speech, Speeches, Worldwide news, Inspire, Goals, Succes, Talks, Leaked, Elon Musk news, Elon Musk today, Elon Musk Motivation
► Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise.
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