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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

South America, which is by far the most lithium-dense continent on the planet, has seen its lithium extraction capabilities grow, particularly in Chile, where countless new projects are looking to capitalize on the massive amount of surface brine that can easily be converted into solid lithium. But how could this affect Tesla pricing?

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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.

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China realizes charging piles, complete vehicles and accessories to go overseas

Setec Powerr

Judging from the customs data for the first eight months of this year, the contribution rate of my country’s new energy vehicle exports to the growth of automobile exports reached 26.7%, becoming a new bright spot in the foreign trade of the automobile industry. Sales of new energy vehicles are expected to increase by 40-45% this year.

China 52
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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. Graphite and Silicon are used in the Anode.

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2020 Top 10 Countries in the Global EV Revolution

EV Sales

France’s auto industry is probably the largest Western auto industry that goes completely under the radar in the US. This paid back in spades, with EV share flying from 700k EVs globally in 2020, supplying over one-third of global demand outside of China. In South America BYD seems the only E-bus act in town.

2020 52