The deal with the high-profile electric car company, announced today by Ganfeng, comes three days after Tesla reportedly placed an order with CATL for 45 GWh of lithium iron phosphate batteries.
Negative second-quarter updates from China and uber-low new-solar figures from India, however, show the world is far from out of the woods yet.
Tesla’s Nevada operation is still open for business, though. The EV and battery maker has assured the market its cash position is strong enough to weather an “extended period of uncertainty”.
The energy storage market is set to be the latest affected by Trump’s trade war as lithium-ion batteries were excluded from the group of Chinese imports for which the U.S. president announced tariffs would be delayed until December 15.
The EV, battery and solar company continues to raise record amounts of cash as it ramps Model 3 production. At the same time, Tesla is emphasizing profitability from its solar business, which has undergone a significant transformation since the company bought SolarCity.
The renewables arm of the French energy giant bought in late June Switch Station 1 and Switch Station 2 Solar Projects from U.S. clean energy developer First Solar.
First Solar brought in a net profit on the sale of a major solar project, as it orders tools and prepares for the switch to its large-format series 6.
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