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Advanced Lithium Rejects Reports Suggesting Major Deal with Tesla

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Advanced Lithium Electrochemistry (Cayman) (TWO:5227) denied media reports saying it secured a major long-term contract with Tesla, calling it speculation, according to a Thursday Taiwan Exchange filing.

The company responded after reports suggested a potential large order, new plant investment plans, and multi-year shipment volumes tied to a "North American customer".

The company clarified it has only entered into a production pricing agreement, not a confirmed purchase order, and stressed that projected revenue and shipment figures cited in reports are uncertain and not guidance.

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