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Nikola (not Tesla)

Today, Explained

The Challenges of Refined Materials for EVs

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Cobalt is at the moment key for batteries. It stops them overheating and allows smaller battery sizes to be made. China controls 80% of the world's raw material refining, more than three quarters of global cell capacity. That means realizing President Biden's transportation future of electric cars would depend on China unless the US develops its own capacity.

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