In 2019, the electric carmaker acquired Canada-based Hibar, which manufactures pumps used in fast-speed battery assembly that Tesla is introducing for its new 4680 cells.
A British magnet factory could be built by 2024 and eventually produce 2,000 tonnes a year of rare earth magnets, enough to supply about 1 million EVs.
The auto industry may well be phasing out the internal combustion engine and EV sales are taking off, but that doesn’t mean the path to zero-emission driving will be easy.