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Tesla’s Denholm Says Australia Is Key to Avoid EV Battery Crunch

Top lithium supplier has an opportunity to add refining plants to car production and help meet surging demand.

Tesla Inc. wall chargers at one of the automaker's temporary test drive centers in Sydney, Australia.

Tesla Inc. wall chargers at one of the automaker's temporary test drive centers in Sydney, Australia.

Photographer: Brent Lewin/Bloomberg
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Lithium powerhouse Australia, which produces about half of all unprocessed supplies of the raw material, needs to add capacity in refining and manufacturing to help the world meet surging demand for batteries, according to Tesla Inc. Chair Robyn Denholm.

Tesla alone will need more than 3 terabyte hours of lithium-ion batteries for electric vehicles and energy storage by 2030, compared to the industry’s current global capacity of about 1 terabyte, Denholm, who has helmed the automaker’s board since 2018, said Tuesday in Sydney.