Annie Lee

Business, Technology, Autonomous

Tesla Signs Battery Materials Deals With Two China Suppliers

Tesla A view from outside Tesla's Fremont, Calif., facility. (Jeff Chiu/Associated Press)

Tesla Inc. has signed new long-term deals with two of its existing Chinese battery-materials suppliers, the latest move by automakers to secure supplies amid intensifying competition.

Annie Lee | Bloomberg News
August 1, 2022
Business, Technology, Fuel

After Chip Crisis, Is Battery Shortage Next?

battery cells Svolt Energy Technology Co. battery cells. (Qilai Shen/Bloomberg)

Rising demand from electric vehicles and challenges in securing raw materials will deliver a battery supply crunch for automakers already grappling with a chip crisis, according to a key Chinese manufacturer.

Annie Lee | Bloomberg News
July 23, 2021
Business, Technology, Fuel

Skyrocketing Metal Prices Threaten to Hinder EV Affordability

processed lithium An employee holds processed lithium at a Talison Lithium Ltd. facility in Greenbushes, Australia. (Carla Gottgens/Bloomberg)

A surge in demand for electric vehicles is sending the price of raw materials soaring, threatening to slow the push toward making cheaper batteries that are key to more widespread adoption.

Annie Lee | Bloomberg News
April 14, 2021