Stock & Business
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Oct 01, 2024
Tesla a Technical Partner in Deal to Take Over Vale's Plant in New Caledonia, Sustainable Nickel Supply a Key Focus
Tesla has become a technical partner in a deal to take over a nickel processing plant in New Caledonia. This long-term agreement secures a sustainable supply of nickel, a critical metal for electric vehicle batteries. For Tesla, this move helps stabilize its battery supply chain and supports its future production growth.