According to Sawyer Merritt, South Korean battery material maker L&F announced that its 2023 supply agreement with Tesla has been revised down to $7,386 from the previous estimate of $2.9 billion, as reported by Yahoo Finance. The initial deal was for L&F to supply high nickel cathode materials for Tesla’s advanced 4680 battery cells from January 2024 through December 2025. This major reduction highlights volatility in the AI-powered electric vehicle supply chain, particularly affecting companies leveraging artificial intelligence for battery optimization, predictive analytics, and smart manufacturing. The change underscores the importance of adaptable AI-driven logistics and procurement systems in the rapidly evolving EV sector. (Source: Sawyer Merritt, Yahoo Finance)