South Korea Battery Supplier L&F Revises Tesla Contract Value Down to $7,386

In a remarkable development in the electric vehicle supply chain, South Korean battery materials maker L&F has revealed that the value of its 2023 supply agreement with Tesla has been drastically reduced to just $7,386, down from an originally projected $2.9 billion under the same contract, this adjustment highlights the volatility and shifting realities in the global battery materials market and has implications for investors tracking EV supply chains and related stock market trends.