Exactly!
Yibin supplies CATL, and CATL supplies Tesla and many other car giants like Volkswagen.
Yibin who plan to be one of the biggest hydroxide producers in China just did a huge offtake with us.(much bigger than PLS!)
Investors need to join the dots!
Just because a company like PLL do a direct offtake to a big company does not mean that AVZ is not supplying that same company; but just indirectly!
P. S.
‘Yibin Tianyi is a leading global battery materials producer that is continuing to expand its lithium hydroxide production capacity as a key participant in the supply chain of Contemporary Amperex Technology (CATL), the world’s largest lithium-ion battery maker.’
AIMO
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