As the electric vehicle market gains more and more strength and fans all over the world, manufacturers have a responsibility to ensure that there are enough units for the immense orders that come to them, as well as to develop and create models that meet the demands of your customers.
Tesla is the most famous brand in this segment, mainly due to its advanced technology and investment in the electric sector. As such, the latest information indicates that Elon Musk’s company is now considering installing a lithium battery refinery in the state of Texas.
Tesla is considering building a lithium refinery in Texas
According to the information provided by the agency Reuters, Tesla will be considering installing a lithium refinery on the Texas Gulf Coast. This intention is related to the commitment of Elon Musk’s company to guarantee the supply of the main component used in car batteries, at a time when the demand for these vehicles is increasing.
This potential lithium hydroxide battery refining facility, which Tesla says is the first of its kind in North America, will process “ore material in a usable state for the production of batteries“. These statements were made by the company in an application submitted to the Texas Comptroller’s Office on the 22nd of August.
In turn, Texas was the state chosen for the purpose of the automaker trying to get some reduction in local property taxes. The bet on the refinery was already something that Musk had mentioned earlier and it seems to be taking more and more shape.
Tesla is currently facing the challenge of not missing the components for its vehicles, as there is an increasing supply and competition is substantially greater when compared to the one that existed just a few years ago.
If the project goes ahead and is approved, construction of the refinery could start as early as the fourth quarter of 2022 and start commercial production by the end of 2024, according to the order placed by the company. And if all goes as planned, Tesla could be the first in the industry to invest directly in lithium refining.
Source: Pplware by pplware.sapo.pt.
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