The popularity of electric vehicles has caused great demand for batteries. Lithium-ion batteries are what power today’s electric cars and trucks and EV giant Tesla (ticker: TSLA) is planning for 3 terawatt-hours of battery-making capacity to supply its vehicles by 2030. Tesla in search for ‘massive’ amount of lithium for battery production. Font size Email Print. Image source: Tesla. This video maps out the Tesla lithium supply chain. Prior to this deal, Tesla was receiving the lithium (an important material used in the production of EV car batteries) from Gangfeng Lithium, but it appears like they are looking to expand their options with this new contract. Latest Tesla news as related to EV metal miners (Piedmont Lithium supply deal, Tesla lithium converter plan in Texas, Tesla interest in LG Chem). Tesla Inc (NASDAQ: TSLA) supplier Contemporary Amperex Technology Co Ltd — CATL — is eyeing increased production capacity to meet the rising demands … Tesla deal good for lithium supplier's stock. What Happened: CATL is planning to invest a total of 39 billion yuan ($6 billion) in lithium-ion battery production projects in three cities in Fujian, Sichuan and Jiangsu provinces, CNTech Post reported. Tesla's lithium suppliers. Tesla is quietly trying to lock up lithium supplies Though not the main ingredient in batteries, lithium metal is an essential component for EVs By Katie Burke Tesla already purchases lithium in China from the company Ganfeng. Tesla just agreed to a five-year deal with Chinese lithium supplier Yahua estimated between $630-880 million (per Reuters). Image source: Tesla. Tesla Model 3. Lithium producer Livent says it has extended its supply contract with Tesla to 2021. There are also some great videos on lithium batteries in the links below. A silver Tesla Model 3 traveling on a road with a green field in background. Tesla Model 3. Tesla's lithium suppliers. Editor’s note: “10 Lithium Stocks to Buy Despite the Market’s Irrationality” was previously published in May 2020.It has since been updated to include the most relevant information available. Tesla's lithium suppliers. The unit is also a long-term supplier to Australia’s Core Exploration, which develops lithium and diversified metals projects, and in which Yahua Lithium also owns a stake. Analysts cited by Reuters said the additional Yahua deal underscored Tesla’s “huge demand” for battery-grade lithium hydroxide, “especially given the ramp-up of Model Y production in Shanghai.” Ganfeng, however, would likely remain Tesla’s largest lithium supplier. Tesla manufactures the basic electric components of the car – the electric motor, the battery pack and the charger – but other parts come from suppliers spread across the U.S., Europe and Asia. In tandem, latest announcement from SQM came against the backdrop of a September statement from S. Korea’s LG Chem, an e-vehicle battery supplier for Tesla Inc. Tesla Inc (NASDAQ: TSLA) supplier Contemporary Amperex Technology Co Ltd — CATL — is eyeing increased production capacity to meet the rising demands of green energy vehicle manufacturers. That message came from Septian Hario Seto, Indonesia’s deputy minister at the coordinating ministry of maritime and investment affairs, during a Tuesday virtual briefing, according to Reuters . A silver Tesla Model 3 traveling on a road with a green field in background. Tesla looking for new lithium suppliers for Model 3, Gigafactory Tesla's supply costs could surge as lithium demand doubles by 2020. Tesla wants Livent to provide higher quantities than in 2020 and a new lithium mine is to help in this respect but is fraught with risks. Out the Tesla lithium supply chain of the agreement between $ 630-880 million per. 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