SEOUL, Dec 29 (Reuters) – South Korean battery material maker L&F said on Monday the value of its 2023 supply deal with Tesla has shrunk to $7,386 from an earlier projection of $2.9 billion. In 2023, L&F said it had signed a deal to supply high nickel cathode materials to Tesla and its affiliates in […]
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South Korea’s L&F says value of battery material supply deal with Tesla cut to $7,386
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SEOUL, Dec 29 (Reuters) – South Korean battery material maker L&F said on Monday the value of its 2023 supply deal with Tesla has shrunk to $7,386 from an earlier projection of $2.9 billion.
In 2023, L&F said it had signed a deal to supply high nickel cathode materials to Tesla and its affiliates in the United States and other regions starting from January 2024 through until December 2025.
(Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Christopher Cushing and Tom Hogue)