Exxon In Talks With Tesla, Ford, VW On Supplying Lithium
Portfolio Pulse from Happy Mohamed
Exxon Mobil Corp is in discussions with Tesla Inc, Ford Motor Co, and Volkswagen AG to supply lithium, a key component in electric vehicle (EV) batteries, according to Reuters.
July 31, 2023 | 5:47 pm
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POSITIVE IMPACT
Ford's potential partnership with Exxon for lithium supply could secure a key component for its EV batteries.
Securing a reliable lithium supply is crucial for Ford's EV production. This potential partnership with Exxon could positively impact Ford's operations and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla's potential partnership with Exxon for lithium supply could secure a key component for its EV batteries.
Securing a reliable lithium supply is crucial for Tesla's EV production. This potential partnership with Exxon could positively impact Tesla's operations and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Volkswagen's potential partnership with Exxon for lithium supply could secure a key component for its EV batteries.
Securing a reliable lithium supply is crucial for Volkswagen's EV production. This potential partnership with Exxon could positively impact Volkswagen's operations and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Exxon's potential partnership with Tesla, Ford, and Volkswagen could boost its revenues by supplying lithium for EV batteries.
Exxon's potential partnership with major automakers for lithium supply could significantly boost its revenues and profitability. This news is highly relevant and important for Exxon investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100