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home / articles / TSLA - General Motors Acquires Key Tesla Supplier TEI In Gigacasting Push: Report | Benzinga

TSLA - General Motors Acquires Key Tesla Supplier TEI In Gigacasting Push: Report | Benzinga

Tesla Inc.

In a strategic move to bolster its electric vehicle (EV) production capabilities, General Motors Company (NYSE: GM) has reportedly acquired Tooling & Equipment International (TEI), a crucial partner in Tesla Inc's (NASDAQ: TSLA) gigacasting technology.

TEI has been instrumental in aiding Tesla to advance gigacasting, a process that involves casting large car body parts in one piece, reported Reuters.

The technique aims to streamline manufacturing while reducing costs. With TEI now under its wing, GM is poised to enhance its own manufacturing efficiencies, especially as Tesla accelerates towards launching a $25,000 EV.

Also Read:Full story available on Benzinga.com
Stock Information
Company Name: Tesla Inc.
Stock Symbol: TSLA
Market: NASDAQ
Website: tesla.com
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