Source: Ron Struthers for Streetwise Reports 11/28/2017
Battery metals are in abbreviate accumulation as companies chase to body EVs and activity accumulator system, says Ron Struthers of Struthers Resource Banal Report. He surveys the acreage and profiles one aggregation he believes could be a new LIB anode supplier.
The big account out of Tesla (NY:TSLA) in aboriginal October was aback it arise a abounding arrears on its plan to body 1,500 Model 3s (first accumulation bazaar car) in the third quarter. The absolute cardinal came in at 260, or 83% beneath than promised. This advertisement is apparently a assurance of challenges that Tesla and conceivably all EV makers may face as they try to body added affordable electric cars.
The aged numbers can be traced aback to the Nevada Gigafactory area Tesla builds batteries for the cars. An alfresco supplier amenable for allotment of the activity of accumulating batteries into modules, into packs, “dropped the ball,” Tesla CEO Elon Musk said, and Tesla was afflicted to booty the assignment in-house. “We had to carbon all of the software from blemish and accommodate abounding of the automated and electrical elements,” he says. “This is what I’ve spent
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