Zendure and Tesla Sign Supply Agreement for Battery Components

By Global Infrastructure Sherpa · Mar 1, 2025

Supply Agreement Battery Storage announced United States Mar 1, 2025

Zendure has entered into a supply agreement with Tesla to provide battery components for Tesla's energy storage products. This agreement aims to strengthen Tesla's supply chain and enhance production capacity.

Source Intelligence

KEY DETAILS

Huayou Cobalt will start supplying Tesla materials from July 1, 2022, until the end of 2025. The mining company said product prices will depend on market prices for nickel, cobalt, and manganese, as well as processing fees. CNGR will supply materials to the manufacturer between 2023 and 2025. Both Huayou and CNGR have already been Tesla's direct suppliers and are mentioned in the 2021 report. CNGR said in a statement that it began supplying Tesla from 2020.

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Location

Tesla has entered into long-term deals with two major Chinese suppliers for the supply of materials for the production of batteries.

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Announcement

Sep 27, 2024

PARTIES MENTIONED IN SOURCE

Tesla buyer

"Tesla has entered into long-term deals with two major Chinese suppliers for the supply of materials for the production of batteries."

Zhejiang Huayou Cobalt Co. seller

"Zhejiang Huayou Cobalt Co. and CNGR Advanced Material Co. signed pricing agreements with the manufacturer for deliveries until 2025."

CNGR Advanced Material Co. seller