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Electric Vehicle Checkpoint: Tesla Secures Plan B for EV Batteries in Africa

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The Street

By Alicia Stein See the latest news for the top stocks in the electric vehicle space including Ford, Lucid, Nio, Rivian and more. Tesla (TSLA) – Get Tesla Inc Report made a deal to obtain graphite, an important component in the production of its lithium-ion batteries, from Mozambique, Africa. The company is setting up this potential plan B for the graphite thanks to a partnership with Australia’s Syrah Resources. Tesla and Syrah signed an offtake agreement in December with Syrah supplying Tesla’s natural graphite Active Anode Material from the company’s production facility in Vidalia, La. That…

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