Tesla’s second-quarter car production and deliveries to customers underscored how much better it is performing compared to other automakers amid the Covid-19 crisis. The company, albeit much smaller than its peers in terms of sales volumes, managed to deliver only 4.8% fewer vehicles to customers in the second quarter compared to the same period last year. As CNBC noted , most other carmakers...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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