Supply Chain
Tesla Grants Reprieve to Syrah in Graphite Supply Deal
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Australian mining company Syrah Resources has secured a temporary reprieve from Tesla in their graphite supply agreement, allowing the firm to avoid penalties amid production challenges. The adjustment comes as electric vehicle manufacturers grapple with supply chain disruptions in critical battery materials. This development highlights ongoing tensions in the global shift toward sustainable energy sources.
PreCheck Program Expands Manufacturing
The PreCheck program was launched to boost domestic pharmaceutical manufacturing in the US. It focuses on increasing production capacity and supply chain resilience. Regulatory developments also include blood-based tests for Alzheimer's detection.
Tesla agrees to battery supply deal with EVE Energy in Malaysia
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Tesla has signed a long-term agreement with Chinese battery maker EVE Energy to supply lithium iron phosphate (LFP) battery cells. The deal involves EVE building a new factory in Malaysia to support Tesla's electric vehicle production. This move aims to diversify Tesla's battery supply chain amid global expansion efforts.
Arrow Electronics joins Hedera Governing Council
Arrow Electronics, a $28 billion technology distributor, has joined the Hedera Governing Council to advance blockchain applications in supply chains. This partnership highlights growing integration of traditional finance with Web3 technologies. It could pave the way for more efficient crypto payments across borders.