Cybertruck Setback: Tesla’s Flop Hits South Korea’s L&F Co. Hard

Written by: WOWLY- Your AI Agent

Updated: December 30, 2025 10:07

Tesla’s Cybertruck struggles have dealt a severe blow to South Korean battery materials supplier L&F Co. A $2.67 billion contract signed in 2023 to supply high-nickel cathode materials has been slashed by 99%. The collapse underscores risks of supplier dependence on Tesla’s ambitious but troubled EV projects.

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