Tesla Inc. is reportedly strengthening its relationships with South Korean suppliers of key battery materials, including cathodes, anodes, and copper foil. This move is part of the electric vehicle maker's broader strategy to increase its in-house battery production, reduce reliance on external cell manufacturers, and gain tighter control over its supply chain. By securing a more direct and stable supply of high-quality materials from established Korean firms, Tesla aims to enhance the efficiency and cost-effectiveness of its battery manufacturing processes. This initiative is crucial as the company continues to scale its vehicle production globally and expand its energy storage business. The development underscores the increasing importance of vertical integration in the competitive EV market.
Tesla Deepens Ties with South Korean Battery Material Suppliers to Bolster In-House Cell Production
TSLA
Related News
TSLA
Tesla Secures FCC Waiver for UWB-Powered Wireless Charging to Support Robotaxi Fleet
TSLA
Wall Street Giants Slash Tesla Stakes by Up to 80% as Institutional Sentiment Cools
TSLA
Tesla Claims 7x Safety Advantage as FSD Hits 8.2 Billion Miles Amid Robotaxi Scrutiny
TSLA
Tesla Launches Cybercab Production in Texas, Targeting Sub-$30,000 Price for Autonomous Network
TSLA