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Canmax to supply Ford with lithium hydroxide for three years · Endata

◂ Announcements

Specialty Chemicalsworld trade 2024+2.3% 5Y CAGR

Apr 3, 2023CONTRACTChina

Canmax to supply Ford with lithium hydroxide for three years

Canmax Technologies has signed a purchase agreement to supply Ford Motor with 72,500 tons of lithium hydroxide from January 2025 to December 2027. The deal could be worth over CNY27 billion (USD3.9 billion) based on current market prices.

Value

$3.90B (27.0B CNY)

Status

Announced

Capacity

72,500 tons of lithium hydroxide

Productslithium hydroxide

CompaniesFord Motor Company customer Canmax Technologies supplier

Sectors#Specialty Chemicals

“Two southwestern plants of the anti-static product developer will deliver the American carmaker 72,500 tons of lithium hydroxide between January 2025 and December 2027, the Suzhou-based firm said in a statement yesterday, citing a purchase agreement.”yicaiglobal.com

1 source
yicaiglobal.comFord Picks China's Canmax for Three Years of Battery Material SupplyTang ShihuaApr 3, 2023

Summarized from public sources; check the original articles before acting on it.

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