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Tesla reportedly in talks in BHP on nickel supply

The US-based EV manufacturer is working to increase nickel content in its car batteries and has now started negotiations with Australian mining giant BHP to avoid a supply shortage, sources say.

Photo: Aly Song/REUTERS / X01793

Tesla is reportedly in talks with Australian mining giant BHP regarding a nickel deal as the US group aims to boost production and is trying to avoid a supply shortage, reports Bloomberg News citing sources with knowledge of the matter.

Negotiations concern issues like pricing, and sources say no agreement has yet been reached between the two parties.

Tesla is working to increase nickel content in its car batteries to boost performance, and the carmaker is also striving to set up more in-house battery manufacturing.

Nickel is a key component of battery cathodes used in EVs, and Tesla Chief Executive Elon Musk has expressed concern about the commodity's availability as a consequence of the group's search to source the metal from more sustainable sources.

English Edit: Daniel Frank Christensen

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