Tesla Inc. Chief Executive Elon Musk joined Texas Gov. Greg Abbott on Monday to break ground on the EV maker's new lithium refinery.
Tesla Inc. Chief Executive Elon Musk joined Texas Gov. Greg Abbott on Monday to break ground on the EV maker’s new lithium refinery.
The facility, which would be the largest of its kind in North America, is expected to produce enough battery-grade lithium to build 1 million electric vehicles by 2025. Auto makers are scrambling to secure lithium and other metals used in the production of electric-vehicle batteries amid a renewed push to make them cheaper and mainstream. California last year put rules in place to ban the sales of new gas-powered vehicles by 2035.
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