Remove Auto Industry Remove Battery Remove South America Remove Supplies
article thumbnail

Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

None of the modern batteries that make electric vehicles possible could exist without lithium. Meanwhile, in North and Central America, corporations and governments alike have doubled down on lithium investments, especially as the United States looks to decouple itself from Chinese supply.

Price 144
article thumbnail

Tesla considers acquiring Sigma Lithium

Teslarati

Sigma Lithium is one of the largest lithium extractors in South America, thanks in large part to what the company calls “the largest hard rock lithium deposit in the Americas.” ” Located in the South Eastern State of Minas Genrias, the massive mining operation has been in operation since 2018.

Tesla 98
article thumbnail

Debunking the Lithium "Mining" FUD

Plug In India

The interesting thing is before electric cars were popular, no one in the auto industry or mainstream media even questioned where petrol or the metals used in engines are coming from. The reality is these mines are not even in use by the battery industry and they are not Lithium Mines.

Chile 59
article thumbnail

2020 Top 10 Countries in the Global EV Revolution

EV Sales

8TH PLACE: SOUTH KOREA, 51 POINTS (6TH IN 2019) Claim to fame: Korean EV makers (basically, the Hyundai-Kia conglomerate) continued their advance, nearing 200k made in 2020, while Korean battery makers cemented their global dominance with twin giants LG Chem and Samsung launching factories in Hungary, and more being built elsewhere.

2020 52