Tesla has signed new long-term deals with two Chinese companies-Detail Here mines Said

Recently,Tesla has signed a agreement for battery material supply with two giant Chinese companies.

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As we all know that GM Motors and Ford Motor also take commitment to producing 600,000 &1 million electric vehicles by 2026,

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Tesla finally signed a long deal with two new contractors Zhejiang Huayou Cobalt Co. and CNGR Advanced material in China.

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General motors, In last week, also reveal its deal to buy input ranging from lithium cathode material.

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The prices of the products will be subject to market prices for nickel, cobalt and manganese, as well as refining fees.

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As per the agreement, CNGR will supply the materials to Tesla between 2023 to 2025 also,it has been focusing on R&D innovation

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