Wednesday, December 1, 2021

The Lithium Contract Between Tesla and Ganfeng Illustrates Tesla’s Path Forward Into 2022 and Beyond

According to Reuters, Tesla as well as China’s Ganfeng Lithium Co, namely its affiliate GFL International Co Ltd, struck a contract a few days ago to supply Tesla with battery-grade lithium products. Ganfeng is the world’s largest lithium firm by market capitalization and has previously sold lithium to Tesla. Beginning in 2022, the new deal will enable Ganfeng and its affiliate to supply Tesla with products for the next 3 years. The contract’s sales value and amount are still unsettled Tesla’s purchase orders, as per a filing with Shenzhen Stock Exchange.

Even though the total sales and the contract value are still unknown, Teslarati believes the deal will be significant, considering Tesla’s ambitions to unveil several significant EV ventures next year. Giga Texas and Giga Berlin, the company’s newest plants, are expected to open by the close of 2021 and scale up production the following year.

Tesla’s massive new gigafactories are going to be online and match the expectations of its clients, who are seeking a great deal more cleantech items, therefore the company will likely see even more record-breaking figures and growth in 2022.

Rob Mauer of Tesla Daily discussed Tesla’s future plans with Pierre Ferragu of the New Street Research on his podcast Tesla Daily. Rob inquired about Pierre’s predictions regarding Tesla’s supply network as we approach 2022. According to Pierre, numbers appear bullish based on information from a business that supplies Tesla with the silicon carbide MOSFETs for inverter, and he has high hopes based on a discussion with Elon Musk. “In my opinion, Tesla is on track to produce one million cars this year.” However, various factors have hindered the process.

He pointed out that Tesla ended the third quarter having a million-car run rate, and he believes the company is doing well, even if the figure at the close of the year is 13–14 percent lower. According to him, the launch of Giga Berlin will be 3 months too late for the Tesla company to achieve a million vehicles in 2021.

Pierre also stated that he believes supply restrictions have hampered the production rise for the X and S, thus with these two issues in mind, he believes Tesla will be near to a million Electric Vehicles but will fall short by a thousand or so vehicles. He went on to say that Tesla isn’t building additional plants and then forced to queue another year. He stated that the output of Tesla will expand week by week.

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