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Home News Auto News Tesla Buys More And More Lithium In China Tesla Buys More And More Lithium In China Auto News Adam Aubrey | January 04, 2021 11:05 am 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 had already sourced lithium from China's Ganfeng Lithium, one of the world's biggest producers of the commodity. The Yahua deal underscores Tesla's "huge demand" for battery-grade lithium hydroxide, "particularly given the ramping-up of Model Y production" in Shanghai, the Daiwa analysts wrote in a note. It appears the demand for Tesla's Model Y has exceeded expectations, as last month, the American EV manufacturer secured permission to start selling the Model Y sports utility vehicle in China. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags tesla china Tesla Gigafactory Lithium Print Adam Aubrey Content Producer Wants to live the simple life, especially when it comes to cars and bikes. That's what tech is for he reckons, to make motoring simpler Related News In its catch up run on China, Indonesia insists deal with Elon Musk for EV battery materials is all but inked Auto News Jim Kem | August 18, 2023 Indonesia has announced that Tesla is preparing to make an investment in the production of battery materials within the nation. A report from Reuters ... Tesla Low-Key Teases All-New Small Hatch In China Auto News Jim Kem | January 20, 2020 Electric vehicle manufacturer Tesla has slipped a teaser depicting a potentially all-new model for the brand, wedged in as part of a social media ... Tesla Is Going To Start Production In China Next Year Auto News Aswan | December 07, 2018 If you want to make it big in the automotive world, you've got to make it big in China. So vast is China that it is a region unto itself, with a ... China Cutting EV Subsidies In 2021 To Boost Local EVs Auto News Arvind | January 05, 2021 China plans to cut subsidies for New Electric Vehicles (NEVs), hybrids, and hydrogen fuel cell vehicles in a bid to boost homegrown EVs while making ... Comments
Tesla Buys More And More Lithium In China Auto News Adam Aubrey | January 04, 2021 11:05 am 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 had already sourced lithium from China's Ganfeng Lithium, one of the world's biggest producers of the commodity. The Yahua deal underscores Tesla's "huge demand" for battery-grade lithium hydroxide, "particularly given the ramping-up of Model Y production" in Shanghai, the Daiwa analysts wrote in a note. It appears the demand for Tesla's Model Y has exceeded expectations, as last month, the American EV manufacturer secured permission to start selling the Model Y sports utility vehicle in China. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags tesla china Tesla Gigafactory Lithium
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
In its catch up run on China, Indonesia insists deal with Elon Musk for EV battery materials is all but inked Auto News Jim Kem | August 18, 2023 Indonesia has announced that Tesla is preparing to make an investment in the production of battery materials within the nation. A report from Reuters ...
Tesla Low-Key Teases All-New Small Hatch In China Auto News Jim Kem | January 20, 2020 Electric vehicle manufacturer Tesla has slipped a teaser depicting a potentially all-new model for the brand, wedged in as part of a social media ...
Tesla Is Going To Start Production In China Next Year Auto News Aswan | December 07, 2018 If you want to make it big in the automotive world, you've got to make it big in China. So vast is China that it is a region unto itself, with a ...
China Cutting EV Subsidies In 2021 To Boost Local EVs Auto News Arvind | January 05, 2021 China plans to cut subsidies for New Electric Vehicles (NEVs), hybrids, and hydrogen fuel cell vehicles in a bid to boost homegrown EVs while making ...