On September 21, Ganfeng Lithium Industry announced that recently, Jiangxi Ganfeng Lithium Industry Co., Ltd. (hereinafter referred to as the "company") and its wholly-owned subsidiary Ganfeng International signed a contract with Tesla (hereinafter referred to as "Tesla") "Strategic Cooperation Agreement" stipulated that from January 1, 2018 to December 31, 2020 (can be extended for three years), Tesla appointed its battery supplier to purchase battery-grade lithium hydroxide from the company and Ganfeng International The annual purchase quantity of the product is about 20% of the company's total production capacity for the year, and the amount is subject to the final actual settlement.
The announcement shows that Tesla is an American electric vehicle and sustainable energy company. The NASDAQ stock exchange code of TSLA was established in 2003 and its registered address is Palo Alto, California. No. 3500, Creek Road, the main business is electric vehicles, solar panels and energy storage equipment. As of the date of this announcement, Tesla's registered capital is 170.59 million US dollars, and Mr. Elon Musk is the actual controller of the company.
In 2017, the total transaction value of battery-grade lithium hydroxide products purchased by Tesla's designated suppliers from the company was small, accounting for less than 1% of the company's total revenue from the deep processing of lithium compounds in 2017.
The main content of the contract is that Ganfeng Lithium provides battery-grade lithium hydroxide to Tesla's designated battery supplier. The annual purchase amount of battery-grade lithium hydroxide is about 20% of the company's total production capacity for the year, and the amount is finally settled. The contract execution period is from January 1, 2018 to December 31, 2020 (can be extended for three years).