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| (사진=엘앤에프) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] L&F, a secondary battery material company, will supply high nickel cathode materials worth about KRW 3.8 trillion over two years to Tesla, the world's largest electric vehicle company.
Tesla is trying to produce its own battery for vehicles. This supply can produce about 400,000 batteries for electric vehicles for a year, exceeding 30% of Tesla's annual sales of 1.2 million vehicles.
L&F announced on the 28th that it has signed a contract with Tesla to supply high nickel cathode materials worth about 2.91084 billion dollars (about 3.8347 trillion won) for two years from January next year. This is close to 3.8838 trillion won in annual sales of L&F last year. The contract amount may vary depending on the exchange rate and the price fluctuation of raw materials such as lithium.
Tesla is pushing to develop and produce its own batteries in order to break away from the structure of receiving electric vehicle batteries from professional companies. The schedule to be supplied from next year seems to be linked to Tesla's development schedule.
L&F's performance is growing rapidly as demand for cathode materials increases due to the popularization of electric vehicles.
Sales jumped from 356.1 billion won in 2020 to 970.8 billion won in 2021 and 3.8838 trillion won in 2022. During the same period, operating profit also grew from 1.5 billion won to 44.3 billion won and 266.2 billion won.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
