Yahua Group: sign the supply contract of battery-grade lithium hydroxide with Tesla

The subsidiary signed a supply contract with Tesla for battery-grade lithium hydroxide from 2021 to 2025, the company announced on the evening of December 29th. Tesla buys battery-grade lithium hydroxide products with a total value of US $630 million to US $880 million from Ya'an Lithium Industry.

The performance of this contract will have a positive impact on the company's performance from 2021 to 2025. The company has the ability to perform the contract and can ensure the smooth performance of the contract in terms of capital, personnel, technology and production capacity. The performance of the contract will not affect the independence of the company's business, and the company's main business will not rely on the buyer for the performance of the above contract.

The signing of this contract is an important achievement for the company's lithium products to open up the supply chain of international well-known automotive companies, is a full recognition of the quality of the company's lithium products, and helps to enhance the enthusiasm, stability and sustainability of the company's lithium business development. for the company to build a global influence of lithium suppliers to lay a solid foundation.