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1 billion yuan! Fengyuan 200000 tons of high-energy cathode materials and related projects settled in Yunnan] Fengyuan Lithium Energy signed an Investment Agreement with the people's Government of Hongta District, Yuxi City. Fengyuan Lithium Energy plans to invest 200000 tons of lithium battery high-energy cathode materials and related projects in Yuxi City, and the project is scheduled to be built in three phases. Among them, the first phase produces 50, 000 tons of lithium iron phosphate cathode material and 1000 tons of clay lithium extraction pilot line, with a total investment of about 1 billion yuan.
Tesla Secures Huge Lithium Deal For Its Batteries With a Major Chinese Supplier
This morning China s Sichuan Yahua Industrial Group Co. announced that the company and Tesla have signed a major deal according to which Sichuan Yahua Industrial Group Co. will supply battery-grade lithium hydroxide to Tesla Inc. for the next five years. Lithium is a key battery ingredient.
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Sichuan Yahua Industrial Group Co. is an industrial group headquartered in Chengdu, capital of Sichuan Province, China. The company didn t release much information about the magnitude of its battery-grade lithium deal with Tesla. However, in a filing to the Shenzhen Stock Exchange, Yahua put the total value of its lithium contract with electric car maker Tesla at $630 million to $880 million over 2021-25, according to Reuters.