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Nikkei analysis finds Tesla relies on China for 40% of battery supply chain

Green Car Congress

An analysis by Nikkei in Japan concludes that nearly 40% of the suppliers for materials used in Tesla’s electric vehicle batteries are Chinese companies. Nikkei sent a letter to Tesla asking about its dependence on Chinese suppliers but said that it had received no reply by the publication deadline.

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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

Green Car Congress

Mercedes-Benz has entered a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., The contract will provide a secure source of supply of battery cells for Mercedes-Benz’s electrification strategy, while Farasis gains security for its planned construction of production capacity.

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LME copper prices at 9-year high

Green Car Congress

Total visible copper stocks (LME + COMEX + SHFE + Chinese bonded warehouses) amounted to just 560kt at the end of January, noted critical materials supply chain intelligence company Roskill—only 11kt more than the lowest recent stock level of 549kt in December 2019.

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LME copper prices hit 7-year high

Green Car Congress

An unexpectedly strong resurgence in Chinese cathode buying for scrap replacement, improving consumption, restocking and stockpiling purposes. Based on preliminary data from Chinese Customs, Chinese net imports of refined copper jumped by 45% y-o-y, or 1.3Mt, to 4.2Mt in Jan-Nov 2020.

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Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

Baua Electric

Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday. China currently houses the largest manufacturers of LFP batteries, including BYD and CATL, which supply Tesla.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

Geopolitical issues such as the Russia-Ukraine situation disturb the fine balance of battery metal supply chains. EV and battery companies in China may well step in and buy the commodity at lower prices. Trading had yet to resume as of 10 March.

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Chinese Group Approved To Buy Ailing A123 Systems Battery Firm

Green Car Reports

The decision has been hanging in the balance for some time now, but Chinese auto parts maker Wanxiang Group has finally won approval to buy bankrupt battery maker A123 Systems. Wanxiang Group fought off bids from American company Johnson Controls to buy A123, which supplies electric car batteries to companies like Fisker.

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