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India asks Tesla to copy Apple in pairing Chinese, Indian suppliers

2Aug

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Technology

India asks Tesla to copy Apple in pairing Chinese, Indian suppliers

[ad_1] As Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter.Tesla has been in talks with India for weeks about setting up a factory which will potentially build a $24,000 car for local sales and exports, however strained India-China ties threaten to complicate Tesla's plans for bringing in Chinese suppliers. Tesla founder Elon Musk is seeking to expand beyond the company's biggest foreign base of China where regulatory approvals for expansion are slow to come. But Chinese suppliers could be critical if Tesla were to establish a plant in India and keep costs in check for a cheap EV. India does not have l...

Japanese Tesla Supplier to Take on Chinese Rivals to Tap EV Boom

[ad_1] Japan’s Sumitomo wants to start making materials for a cheaper type of electric-vehicle battery. Japan's Sumitomo Metal Mining Co. wants to start making materials for a cheaper type of electric-vehicle battery -- containing no nickel -- that's poised for global popularity after storming the world's top EV market, China.Iron-based batteries known as LFP have rapidly expanded their role in China as a lower-cost rival to varieties with nickel, especially in smaller and low-range vehicles. They could grab more than half of the global battery market in coming years, according to Katsuya Tanaka, an executive officer at Sumitomo, which already makes nickel-bearing materials for Tesla Inc. and Toyota Motor Corp. cars. “Carmakers won't be able to procure enough batteries if only stickin...

Tesla’s Vegan Leather Supplier Bets Material Will Be Used Everywhere

[ad_1] The goal for Noboru Yoshimura is to make the company’s name synonymous with synthetic leather. For Ultrafabrics Holdings Co. supplying seating material to Tesla Inc., United Airlines Holdings Inc. and furniture makers isn't just good for the environment, it's a potentially lucrative, albeit challenging, business.The goal for Noboru Yoshimura, 60, president of the Tokyo-based manufacturer, is to make the company's name synonymous with synthetic leather. “More and more people are using our leather,” he said in an interview. “We're consciously developing premium products, and that strategy is in line with the times.” For years, leather made from processed cowhides or sheepskin was seen as a premium option for car buyers. Now, environmentally conscious consumers are seeking out pro...