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Tesla signed new contracts with two of its current Chinese battery-material suppliers, highlighting the widespread reliance on China to make electric vehicles.
China's Zhejiang Huayou Cobalt Co. and CNGR Advanced Material Co. renew agreements to provide Tesla with supplies of ternary precursors.
Tesla is securing materials for its EV battery, ahead from an impending shortage. Tesla is securing its electric vehicle production through signing deals with two suppliers from China.
Tesla has signed battery material supply deals with two companies in Communist China, according to recent filings. The supply deals are further evidence of Elon Musk's cozy relationship with the Communist dictatorship.
Tesla has signed battery material supply deals with two companies in Communist China, according to recent filings. The supply deals are further evidence of Elon Musk's cozy relationship with the Communist dictatorship.