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Vettelpole
2021-11-01

Worry is, will ** clamp down commodities price? The results are really good

China's Ganfeng Lithium inks 3-year supply contract with Tesla

BEIJING/HONG KONG, Nov 1 (Reuters) - China's Ganfeng Lithium Co Ltd and its unit GFL International C

China's Ganfeng Lithium inks 3-year supply contract with Tesla

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The results are really good","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/849567030","repostId":2180274964,"repostType":4,"repost":{"id":"2180274964","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1635762673,"share":"https://www.laohu8.com/m/news/2180274964?lang=&edition=full","pubTime":"2021-11-01 18:31","market":"hk","language":"en","title":"China's Ganfeng Lithium inks 3-year supply contract with Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2180274964","media":"Reuters","summary":"BEIJING/HONG KONG, Nov 1 (Reuters) - China's Ganfeng Lithium Co Ltd and its unit GFL International C","content":"<p>BEIJING/HONG KONG, Nov 1 (Reuters) - China's Ganfeng Lithium Co Ltd and its unit GFL International Co Ltd have signed a contract to supply battery-grade lithium products to U.S. electric vehicle&nbsp;maker Tesla Inc.</p>\n<p>Ganfeng, the world's top lithium company by market capitalisation, has already supplied battery-grade lithium to EV producers including Tesla.</p>\n<p>The new contract will allow the company and its unit to provide products to Tesla for three years starting from 2022, Ganfeng said on Monday in a filing to the Shenzhen Stock Exchange.</p>\n<p>The sales amount and value of the contract are still pending Tesla's purchase orders, according to the filing.</p>\n<p>Ganfeng has posted stellar earnings this year, with its third-quarter and nine-month net profits up 507% and 648% on an annual basis, respectively, thanks to rising lithium prices and robust demand.</p>\n<p>The Jiangxi-based firm also announced an 8.4 billion yuan ($1.31 billion) investment in two battery production projects in August.</p>\n<p>Ganfeng's share price, up more than 60% this year, closed at 162.1 yuan on Monday.</p>\n<p>($1 = 6.3965 Chinese yuan renminbi)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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China's Ganfeng Lithium inks 3-year supply contract with Tesla

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