Zhejiang Huayou Cobalt Co and CNGR Advanced Material Co signed pricing agreements with the electric-vehicle (EV) giant for supplies until the middle of this decade, according to separate stock-exchange statements from the companies.
SHANGHAI: Tesla Inc has signed new long-term deals with two of its existing Chinese battery-materials suppliers, the latest move by automakers to secure supplies amid intensifying competition.
Zhejiang Huayou Cobalt Co and CNGR Advanced Material Co signed pricing agreements with the electric-vehicle (EV) giant for supplies until the middle of this decade, according to separate stock-exchange statements from the companies.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
