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Roskill: Yahua-Tesla deal indicative of increasing capability and numbers of Chinese lithium convertors
On 29 December 2020, Sichuan Yahua Industrial Group announced thatits subsidiary, Yahua Lithium, had signed a five-year supply agreement with Tesla. The total value of the contract is reported to be US$630-880 million, with Yahua Lithium to provide battery-grade lithium hydroxide to Tesla from 2021 to 2025.
Roskill observes that Yahua Lithium’s entry into Tesla’s supply chain soon after commissioning Yanhua Lithium was established in 2016 gives strong evidence that an increasing number of Chinese lithium convertors have gained the know-how to manufacture qualified battery raw materials, suitable for use by tier-1 cell makers in South Korea and Japan.