The race for the electric car also includes the capacity of car maker to produce batteries and grab the necessary raw materials. Tesla, fresh from a recall of just under 6 thousand Model 3 in the United States (brake problems) and another 700 in China (tire seat belts), costing -3% on the stock market, expects to spend more than 1 billion dollars per year by sourcing from Australia, given the reliability of the country’s mining industry. Robyn Denholm, president of the California-based automaker, said at a Minerals Council of Australia event Wednesday that Australia, rich in battery minerals such as lithium and nickel, is poised to take advantage of developing supply chains for electric vehicle batteries and the era of green energy focuses on ESG (environmental, social and governance) criteria.
Tesla already buys three-quarters of its lithium from Australia and over a third of its nickel, said Denham, who is Australian, without specifying a dollar figure.
“Australian mining companies have a good reputation, great experience, professionalism and are preferred by manufacturers who are increasingly concerned about meeting the ESG requirements of both today and the future,” said Tesla’s president. These choices are in line with the new policy underway by the administration of US President Joe Biden, which intends to rely on allies to supply most of the metals needed to build electric vehicles, even to meet the demands. of environmentalists.
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Meanwhile, Elon Musk aims to grow the Tesla brand. The documentation for registering the trademark has been filed under the heading of catering services. The presentation was made on May 27 and is waiting to be evaluated. The catering services item includes restaurants and take-away services. According to some analysts, Tesla could ally with an existing restaurant company while maintaining its brand and opening up the possibility of offering restaurant services perhaps near the stations to recharge its cars in order to make the waiting for motorists more pleasant.