You possibly can’t construct tens of millions of EVs yearly with out entry to sufficient battery cells, and people cells aren’t coming rapidly sufficient because of an absence of mining and refining. Elon Musk has already made it clear that Tesla might get into the battery supplies enterprise, and the corporate already has some plans underway. Now it seems to be contemplating a mission in Ontario, Canada.
Based on current stories, Tesla is in search of alternatives in Ontario associated to the extraction and processing of minerals. In truth, the automaker reportedly already filed official paperwork with the Ontario authorities associated to the potential mission. Furthermore, stories recommend Tesla is the opportunity of having an industrial facility within the space.
Whereas information like this from filings might not essentially turn out to be actuality, Tesla had the next particulars to share within the filings per Teslarati:
“Work to establish alternatives for industrial facility, mineral extraction and processing mission allowing reforms to extend the competitiveness of Ontario and its means to draw capital by way of approvals timeframes which can be aggressive with different areas whereas working with authorities to establish incentives to additional improve the attractiveness of Ontario.”
For additional substantiation about what Tesla might have up its sleeve, Electrical Autonomy questioned Canada’s Ministry of Financial Improvement, Job Creation and Commerce, Victor Fedeli. The federal government official clearly wasn’t required to offer any official assertion or additional particulars, however there was a response issued by way of press secretary Vanessa De Matteis.
Financial Improvement head Victor Fedeli did not particularly level out Tesla. Nonetheless, he famous that Ontario is decreasing the price of doing enterprise by some $8 billion yearly, which has sparked large investments within the space. Investments embrace $25 billion within the automotive and EV market alone over the previous two and a half years. Thus, it might show extremely profitable for Tesla to spend money on Ontario and devise a marketing strategy with the province.
This is not the primary we have heard Tesla could also be seeking to get into the battery enterprise, and extra particularly, mining operations in Canada. There have additionally been stories that the EV maker might think about an automotive manufacturing unit within the nation. Nonetheless, it only in the near past determined to construct its subsequent North American EV manufacturing unit in Mexico.
Tesla reportedly began lobbying the Ontario authorities associated to manufacturing amenities way back to August 2022. A month later, the automaker employed the province’s former battery mineral professional for its newly established Crucial Minerals & Provide Chain Coverage Advisor place.
Ontario authorities officers have been engaged in ongoing conferences with Tesla ever since, so it will likely be fascinating to study extra about what they could be planning. As we beforehand reported, some Canadian officers have visited Tesla’s Fremont manufacturing unit. Reviews state there might have been non-disclosure agreements concerned in some circumstances.