According to The Australian Financial Review, Tesla is in talks with BHP on a nickel deal as the electric car maker targets higher production and seeks to avoid a supply crunch, people familiar with the matter say.
Talks are held up on pricing, and no final agreement has been reached so far between the automaker and BHP, the world’s largest miner, said one of the people, requesting anonymity because the talks are private. The discussions come as Tesla works to raise the amount of the metal used in vehicle batteries to improve performance, and as it makes a push into in house cell production.
Nickel is a key component for the cathodes of electric vehicle batteries, and chief executive Elon Musk has expressed concern about supply because of challenges in sustainable sourcing.
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