HomeBusinessSouth Korea's L&F says value of battery material supply deal with Tesla...

South Korea’s L&F says value of battery material supply deal with Tesla cut to $7,386

December 29, 2025

SEOUL, ‌Dec 29 : South Korean battery material maker L&F said on Monday the value of ‌its 2023 supply ‌deal with Tesla has shrunk to $7,386 from an earlier projection of $2.9 billion.

In 2023, ‍L&F said it had signed a deal to supply high nickel cathode ‌materials to Tesla and its affiliates in the United States ⁠and other ‌regions starting from January 2024 through until December 2025.

(Reporting ‍by Hyunjoo Jin ⁠and Heekyong Yang; Editing by Christopher ‌Cushing ‍and Tom Hogue)

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South Korea’s L&F says value of battery material supply deal with Tesla cut to $7,386

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