Tesla Signs a New Deal for Graphite as the EV Battery Race Heats Up | Barron's

2023-02-22 16:47:32 By : Ms. Ling K

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https://www.barrons.com/articles/tesla-stock-price-graphite-battery-magnis-ev-electric-vehicle-bc0dad59

Tesla has agreed to a deal with Magnis Energy Technologies, which makes materials for electric-vehicle batteries, to secure supplies of graphite.

The material forms part of a lithium-ion battery anode. That’s one side of a battery. The cathode is other side and the part of a battery that contains materials with lithium in the name, such as lithium-iron-phosphate or lithium-manganese-cobalt.

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Tesla has agreed to a deal with Magnis Energy Technologies, which makes materials for electric-vehicle batteries, to secure supplies of graphite.

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