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Nel receives NOK 600M purchase order for alkaline electrolyzers from Woodside for US project

Green Car Congress

Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, has entered into a contract for alkaline electrolyzer equipment from Australia-based Woodside Energy for its proposed hydrogen project, H2OK, in Ardmore in the state of Oklahoma. There are pass-through mechanisms for steel and nickel price increases.

Purchase 243
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Magnis signs offtake agreement with Tesla for anode active materials; N. American production

Green Car Congress

Australia-based Magnis Energy Technologies has entered into a binding offtake agreement with Tesla for the supply of anode active materials (AAM) beginning in February 2025 with fixed pricing. The company is in the process of selecting a United States location for the AAM facility. Earlier post.) Earlier post.)

Tanzania 397
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Liontown and Tesla enter into a binding term sheet for supply of lithium from Kathleen Valley project

Green Car Congress

Australia-based battery materials company Liontown Resources Limited entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate. Using today’s market pricing, the contract terms would deliver an SC6.0

Supplies 243
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Core Lithium and Tesla enter into binding term sheet for the supply of lithium

Green Car Congress

Australia-based Core Lithium has entered into a legally binding Term Sheet with Tesla for the supply of up to 110,000 tonnes of Li 2 O spodumene concentrate from the Finniss Lithium Project over a term of 4 years, with pricing referenced to the market price for spodumene concentrate, subject to a price floor and ceiling.

Supplies 195
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Albemarle signs exclusivity agreement with Mineral Resources for 50/50 lithium JV in W. Australia; $1.15B deal

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Wodgina, located in the Pilbara region of Western Australia, is a world-class hard rock lithium deposit, with an estimated mine life of more than 30 years. The purchase price for Albemarle’s 50% interest in the JV would be US$1.15 billion, which Albemarle expects to fund with available cash and new credit facilities.

Australia 236
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BYD Shark NEV pickup truck officially launches in Mexico 

Teslarati

The Asian car manufacturer is offering two BYD Shark variants in Mexico. However, the Chinese automaker has plans to expand BYD Shark sales in North America and Australia. BYD Europe aims to beat Tesla & big EU automakers The BYD Shark is competitively priced when compared to its all-electric counterparts.

Mexico 84
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Phillips 66 taking 16% stake in synthetic graphite supplier NOVONIX; building US-based battery supply chain

Green Car Congress

Phillips 66 has entered into an agreement to acquire a 16% stake in NOVONIX Limited, an Australia-based company that develops and supplies synthetic graphite materials for lithium-ion battery anodes. —Greg Garland, Chairman and CEO of Phillips 66. Additionally, Phillips 66 will nominate one director to NOVONIX’s Board of Directors.

Supplies 186