EV supply chain

Tesla supplier slashes battery contract by 99% amid Cybertruck woes

29 Mwezi wa kumi na mbili, 2025 Imeripotiwa na AI Picha iliyoundwa na AI

South Korean battery material supplier L&F Co. has reduced the value of its 2023 supply contract with Tesla from $2.9 billion to just $7,386, citing changes in supply quantity. The deal involved high-nickel cathode materials for Tesla's 4680 battery cells, primarily used in the Cybertruck. This move highlights ongoing demand challenges for the electric pickup truck.