Three-year supply contract with Ganfeng Lithium Ink Tesla of China


Source: texasnewstoday.com texasnewstoday.com

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November 1, 2021 Beijing / Hong Kong (Reuters)-China’s Ganfeng Lithium Co Ltd and its unit, GFL International Co Ltd, have signed an agreement to supply battery-grade lithium products to US electric vehicle (EV) maker Tesla Inc. Ganfeng, the world’s top lithium company by market capitalization, is already supplying battery-grade lithium to EV producers, including Tesla. Ganfeng said in a filing with the Shenzhen Stock Exchange on Monday that the new deal will allow the company and its units to offer Tesla products for three years from 2022. According to the filing, the sales amount and value of the contract are...