Reported about 1 month ago
A South Korean family has soared to an $800 million fortune due to a $2.9 billion order from Tesla to L&F Co., a company specializing in electric vehicle battery cathodes. This deal significantly boosted L&F's stock price and reduced its dependency on LG Energy Solution, allowing for diversification and enhancement of its market position. The contract is set to supply materials for over 780,000 electric vehicles, demonstrating the rapid evolution and financial opportunities within the electric vehicle industry.
Source: YAHOO