Tesla Expands Battery Production Plans, Signs Supply Agreement With Ganfeng Lithium

Tesla Expands Battery Production Plans, Signs Supply Agreement With Ganfeng Lithium
Photo courtesy of Tesla.
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While Tesla Inc stock continues roaring higher, the company continues to push the limits of electric vehicle technology. After a 100,000-vehicle order from Hertz, Tesla is more demand constrained than ever, ramping up production to meet the insane demand for its vehicles.

To build more vehicles, Tesla needs more batteries. And to make more, it has signed an agreement with the Chinese company Ganfeng Lithium, as shared by Tesmanian.