EV supply chain
Àwòrán tí AI ṣe
Tesla supplier slashes battery contract by 99% amid Cybertruck woes
Ti AI ṣe iroyin Àwòrán tí AI ṣe
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.