Elon Musk has verified the existence of the Tesla lithium refinery in Texas. On Wednesday, October 20, the billionaire made this endeavor public during a conference.
As of this writing, plug-in hybrid cars and practically all other electric vehicles run on lithium-ion batteries. However, producing these batteries is highly expensive because lithium is a scarce resource.
As a result, the CEO of Tesla is now urging other businesses to begin refining lithium in order to resolve supply chain concerns. Elon affirmed Tesla’s intention to build a lithium refinery in Texas on the automaker’s Q3 conference call, according to the most recent Bloomberg story.
When an analyst inquired about the development of Tesla’s new 4680 battery cell technology, he mentioned this initiative. Tesla has been debating whether or not to build a lithium refinery in Texas for the past few months. Louisiana was one of the automaker’s potential locations.
However, Tesla also informed state authorities that it intended to construct the refinery plant close to Corpus Christi.
The EV developer said that this factory would be utilized to transform unprocessed ore into one that was more suitable for manufacture.
