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Tesla Signed A $16 Billion Deal For Samsung AI Chips. It Just Inked Another Deal To Sidestep China.

Tesla is reportedly continuing to reduce its reliance on China, largely through avoiding the effects of tariffs. On Wednesday, the EV giant reportedly a $4.3 billion contract with South Korea-based LG Energy Solution for lithium iron phosphate, or LFP, batteries to be used in energy storage systems over three years. LG Energy Solution on Wednesday…

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Explainer | What you need to know about China’s export restrictions on 8 key EV battery technologies

Explainer | What you need to know about China’s export restrictions on 8 key EV battery technologies

China’s latest export restrictions on eight key electric vehicle (EV) battery technologies officially took effect this week, about half a year after it announced its intention to implement them. According to the rules announced by the Ministry of Commerce and the Ministry of Science and Technology, manufacturers using the technologies in the production of EV…

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