The hottest Sichuan Yahua industry signed a batter

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Sichuan Yahua industry signed a battery grade lithium hydroxide supply contract with Tesla

Mechatronics home learned that recently, Sichuan Yahua Industry Group Co., Ltd. announced that, On December 29, a wholly-owned subsidiary of the company, Yahua lithium industry (Ya'an) Co., Ltd. signed a battery grade lithium hydroxide supply contract with Tesla Corporation of the United States (hereinafter referred to as intelligent function setting expert system, parameter selection, database, clear Chinese window interface, simple mouse operation "Tesla"), which stipulates that from 2021 to 2025, Tesla purchases battery grade lithium hydroxide products from Ya'an lithium with a total value of US $630 million to US $880 million

Sichuan Yahua Industrial Group Co., Ltd. said that the signing of this Republican contract is an important achievement for the company's lithium products to open up the supply chain of internationally renowned automobile enterprises, and requires relatively strict polymerization conditions. It is a full recognition of the quality of the company's lithium products, which is conducive to enhancing the enthusiasm, stability and sustainability of the company's lithium business development, and laying a solid foundation for the company to build a globally influential lithium salt supplier. At the same time, the performance of the contract will have a positive impact on the performance of the company 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

it is understood that Yahua group focuses on lithium industry and civil explosion industry, not to mention other performance industries. Its Yahua lithium industry, which focuses on the production of lithium ore and lithium salt products, is one of the first enterprises to produce lithium salt products in China. At present, there are five business companies, including lithium technology, Guoli lithium, printing head transportation industry, Zhongsheng lithium industry, Xingsheng lithium industry, Ya'an lithium industry, which are one of the major suppliers of lithium salt products in the world. In April this year, Yahua group disclosed its plan for non-public issuance of A-shares. The total amount of funds to be raised is no more than 1.5 billion yuan, which will be used for new projects with an annual output of 20000 tons of battery grade lithium hydroxide, 11000 tons of lithium chloride and its products and supplementary working capital after deducting the issuance expenses

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