All articles tagged with #landf
A Tesla supplier, L&F, significantly reduced its long-term battery materials contract due to delays in Cybertruck development and changing market conditions, reflecting a 99% decrease in supply expectations, which impacted its stock price.
South Korean battery maker L&F has significantly reduced the projected value of its 2023 supply deal with Tesla from $2.9 billion to just $7,386, citing slower EV demand and production challenges with Tesla's 4680 batteries as key reasons, amidst broader industry struggles.
South Korean battery maker L&F has significantly reduced the projected value of its 2023 supply deal with Tesla from $2.9 billion to $7,386, likely due to Tesla's slower demand for 4680 batteries and production challenges, reflecting broader struggles in the EV battery industry amid weakening demand and policy uncertainties.