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Tesla evaluating lithium refinery in Texas for electric car batteries

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Elon Musk had previously suggested Tesla could get into lithium refining at scale because the cost of the metal, a key component in manufacturing batteries, has surged. If Tesla’s application in Texas is approved, construction on a lithium hydroxide refining facility could begin in the fourth quarter of 2022.

Christophe Gateau | Picture Alliance | Getty Images

Electric car giant Tesla is evaluating the feasibility of a lithium hydroxide refining facility on the gulf coast of Texas.

Tesla said the plant would be focused on the development of “battery-grade lithium hydroxide” and be “the first of its kind in North America,” according to a newly released letter to the Texas Comptroller’s…



Source cnbc.com

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