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Tesla Buys More And More Lithium In China – 24HTECH.ASIA

February 7, 2022
Source: 24htech.asia 24htech.asia
News Snapshot:
With this deal, Tesla has procured up to 88,000 tonnes of Lithium Hydroxide. News has come out of China that Sichuan Yahua Industrial Group Co Ltd has signed a deal to supply battery-grade lithium to U.S. electric vehicle (EV) manufacturer Tesla Inc for the next five years. Sichuan Yahua Industrial Group said that its subsidiary, Yaan Lithium, has signed a deal with Tesla at $630-$880 million over 2021 to 2025, as confirmed by the Shenzhen Stock Exchange. Apparently, according to an analyst from Daiwa Capital Markets, the total lithium hydroxide procurement comes to around 63,000-88,000 tonnes. Tesla earlier this year...
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China Tech Buzz Topics: ASIA | battery | capital | China | electric vehicle | EV | Guangdong | IT | lithium | manufacturer | news | procurement | Shanghai | Shenzhen | Shenzhen Stock Exchange | sichuan | sports | stock | stock exchange | subsidiary | Tesla | Total | U.S. | vehicle

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