Tesla has signed new raw material supply agreements for batteries with two companies Chinese. According to Bloomberg, these are the companies & agrave; Zhejiang Huayou Cobalt and CNGR Advanced Material . More in detail, Huayou Cobalt will provide & agrave; its products such as cobalt to Tesla starting immediately and until the end of 2025. The company & agrave; Chinese said that the prices of the products will be “subject to the market prices of nickel, cobalt and manganese, as well as & eacute; to refining taxes & quot ;. Instead, CNGR will provide; Elon Musk's car manufacturer between 2023 and 2025.
Very interesting is the fact that these Chinese companies already have; worked for Tesla. In fact, we find them mentioned as suppliers within Tesla's Impact Report 2021. That the American carmaker is entering into new agreements to supply raw materials for batteries is not; a novelty. In fact, in the last few months, the manufacturer has been secured agreements for the supply of raw materials such as nickel and lithium.
IMPORTANT AGREEMENTS FOR THE FUTURE
Agreements that are crucial for the future to push for the increase in the production of electric cars. The most important element important of these cars, as we know, & egrave; the battery . To increase the production of accumulators in view of an increase in demand for electric vehicles & egrave; need to have an adequate supply of raw materials . As a result, the automakers that are pushing hard on the production of electric cars are all signing up to several similar supply agreements. This is a way to prepare for the future when there may be a shortage of these elements.
For example, we recall that Stellantis has signed agreements with Vulcan Energy for the supply of lithium hydroxide in Europe and with Controlled Thermal Resources for lithium destined for electric cars manufactured in the United States. The examples, however, could be many.
After all, with the transition of the automotive industry to electric vehicles, a solid supply chain of materials for batteries & egrave; absolutely fundamental. Tesla has been working on its battery strategy for a long time. Right from the start, in fact, Elon Musk's company had decided to build the Gigafactory in Nevada with Pansonic to produce the batteries for its cars. Today, the company & agrave; American can & ograve; count on multiple supply agreements that should allow it to pursue its growth strategy.
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