Tesla's lithium suppliers. Tesla has indicated to battery metals suppliers that it is going to need a ‘ton of lithium’ to satisfy its battery production needs, thereby paving the way for more and larger supply deals for the product. But there was a more important takeaway for electric vehicle investors: Livent and Tesla added to an existing lithium supply agreement, providing Tesla with additional access to high-quality battery material supplies. Tesla's existing supply chain. Image source: Tesla. According to company press releases and/or published reports, the following companies have or have had some type of agreement in place to supply Tesla with lithium … Tesla just agreed to a five-year deal with Chinese lithium supplier Yahua estimated between $630-880 million (per Reuters). Analysts cited by Reuters said the additional Yahua deal underscored Tesla’s “huge demand” for battery-grade lithium hydroxide, “especially given the ramp-up of Model Y production in Shanghai.” Ganfeng, however, would likely remain Tesla’s largest lithium supplier. Tesla will designate its battery suppliers to buy lithium-hydroxide products from Ganfeng Lithium Co. and its unit, the Jiangxi-based company said in a filing to the Shenzhen exchange on Friday. Livent and Tesla added to an existing lithium supply agreement, providing Tesla with additional access to high-quality battery material supplies. The news came as part of Livent’s third-quarter results, which failed to give exact volumes of the agreement. There are also some great videos on lithium batteries in the links below. Latest Tesla news as related to EV metal miners (Piedmont Lithium supply deal, Tesla lithium converter plan in Texas, Tesla interest in LG Chem). Tesla already purchases lithium in China from the company Ganfeng. Tesla manufactures the basic electric components of the car – the electric motor, the battery pack and the charger – but other parts come from suppliers spread across the U.S., Europe and Asia. Since Panasonic entered into a four-year agreement with Tesla Inc (NASDAQ: TSLA) back in 2011 to provide lithium-ion battery cells, it has been an integral battery supplier for Tesla in the U.S. Image source: Tesla. Tesla is quietly trying to lock up lithium supplies Though not the main ingredient in batteries, lithium metal is an essential component for EVs By Katie Burke Tesla Inc (NASDAQ: TSLA) supplier Contemporary Amperex Technology Co Ltd — CATL — is eyeing increased production capacity to meet the rising demands of green energy vehicle manufacturers. Tesla Model 3. That message came from Septian Hario Seto, Indonesia’s deputy minister at the coordinating ministry of maritime and investment affairs, during a Tuesday virtual briefing, according to Reuters . "We expect Ganfeng will continue to be the major if not largest lithium hydroxide supplier of Tesla on the back of this strong demand." Tesla in search for ‘massive’ amount of lithium for battery production. California-based Tesla has been ramping up production at its Shanghai Gigafactory, aiming for an annual output of 150,000 units. Lithium-ion batteries are what power today’s electric cars and trucks and EV giant Tesla (ticker: TSLA) is planning for 3 terawatt-hours of battery-making capacity to supply its vehicles by 2030. Image source: Tesla. And Tesla is already sourcing lithium, which is an important EV battery ingredient, from Ganfent Lithium in China, which is one of the world's largest producers of lithium. Tesla's lithium suppliers. The unit is also a long-term supplier to Australia’s Core Exploration, which develops lithium and diversified metals projects, and in which Yahua Lithium also owns a stake. Tesla supplier Contemporary Amperex Technology (CATL) plans to build a $5 billion lithium battery factory in Indonesia, ramping up its capacity amid growing demand for electric vehicles. In tandem, latest announcement from SQM came against the backdrop of a September statement from S. Korea’s LG Chem, an e-vehicle battery supplier for Tesla Inc. Tesla plans to use cobalt from Anglo-Swiss mining giant Glencore to build lithium-ion batteries at its new factories, according to industry sources. Another Chinese lithium company, Ganfeng Lithium Co. Ltd., is most likely to continue to be the major supplier of lithium hydroxide to Tesla, the analysts wrote. By Graeme Roberts | 28 September 2020. It’s unclear how much lithium the contract states will be supplied to Tesla, though with costs that high, it’s sure to be a lot. 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