Henrik Fisker Takes on Tesla in the Battle to Be Green

First Cobalt Corp. (TSXV:FCC, OTCQX:FTSSF, ASX:FCC) Director Henrik Fisker was featured in an article by Forbes. Fisker discussed the electric vehicle (EV) revolution and his solution for ethically-sourced cobalt, a main component in the construction of cathodes in lithium-ion batteries. However, cobalt is primarily sourced from the politically-unstable Democratic Republic of Congo, which has been linked to human rights violations and child labor.

Fisker believes that he has found a solution to the cobalt problem in First Cobalt, a vertically-integrated cobalt company with mining and refining operations. First Cobalt could make Fisker’s current company, Fisker Inc., a serious competitor of Tesla (NASDAQ:TSLA).

“Cobalt is an important material that is used in today’s batteries and it will be used in tomorrow’s batteries,” said Fisker. “We are all about sustainability, clean vehicles, and zero emissions so when we were contacted [by First Cobalt] what was appealing to me was the idea of ethical cobalt mining in the U.S. We actually have that material right here in the U.S.”

Fisker Inc. is also in the process of developing a solid-state battery technology as another solution to using ethically-sourced cobalt. Additionally, being able to secure cobalt that is sourced and refined in North America could be a major advantage to Fisker Inc. as their consumers will not have to worry about where the materials in their cars were sourced from.

“I think customers and consumers are much more conscious about how their products are made and specifically people who are buying an electric car,” Fisker told us.  “I mean the whole point of buying an electric car is to go green, go zero emission.  I think it is important that we as carmakers dive into what are the components in our vehicles and where do they come from.”

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Source: www.forbes.com