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Briefing

Tesla confirms Canadian nickel deal in ESG report

The automaker said in its 2021 Impact Report that it had established a direct supplier relationship with Vale. The miner said it would ship the metal to Tesla factories in the U.S. Neither disclosed the value of the deal. (The Logic)

Briefing

Tesla confirms Canadian nickel deal in ESG report

By Anita Balakrishnan
May 6, 2022
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The automaker said in its 2021 Impact Report that it had established a direct supplier relationship with Vale. The miner said it would ship the metal to Tesla factories in the U.S. Neither disclosed the value of the deal. (The Logic)

Talking point: Tesla’s disclosure confirms earlier reports that the companies had agreed to a multi-year deal. Its Impact Report found that nickel creates the highest share of emissions of the inputs in nickel-based batteries, at about 31 per cent. In addition to ditching some nickel-heavy batteries altogether, Tesla said it used BHP’s approach to create an emissions-tracking system, which it will use as it ramps up raw material purchases. Its strategy includes the global Battery Passport Steering Committee, a group it co-chairs with Investissement Quebec senior project director Simon Thibault that includes two Natural Resources Canada representatives.

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