Ontario's Mineral Wealth Attracts Tesla to Secure Battery Supply Chain
Tesla has been actively exploring opportunities to establish an industrial facility and mining operation in Ontario, Canada.
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The aim of the company is to gain more control over its electric vehicle battery supply chain by securing access to the necessary minerals for battery production.
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With its established nickel and cobalt mining industry, Ontario offers a preferred location for Tesla’s new factory and mining facility.
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By setting up operations in Ontario, Tesla aims to tap into the rich deposits of critical battery minerals found in Canada.
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The government of Ontario has been proactive in attracting investments in the automotive industry and the EV sector.
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Although the exact details of the partnership between Tesla and the Ontario government have not yet been disclosed, it is expected to be mutually beneficial.
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Given the finite supply required for battery production, however, EV manufacturers like Tesla have a financial stake in controlling access to these resources.
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Recognizing the importance of securing a reliable supply chain for its electric vehicles, Tesla began lobbying the Ontario government for battery production facilities in August 2022.
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