Tesla Inc TSLA -6.35 percent (Get Free Alerts for TSLA) is in talks for making a battery production investment in Canada’s largest province Quebec, Electrek reported Monday, citing Le Journal de Montreal.
What Happened
Quebec is investing heavily to extract minerals that go into the making of electric vehicle batteries and looking for partners who could develop the project.The province had recently disclosed plans to invest between $1.6 billion to $2.4 billion towards extracting metals and minerals such as lithium, nickel, and graphite that are used to make electric vehicle batteries.
