Chinese car maker Great Wall will take a $28 million stake in Pilbara Minerals, according to The West Australian.
The transaction is said to be the first direct investment in a lithium supplier by an auto group.
Pilbara Minerals is an emerging lithium and tantalum producer focused on the development of its world-class 100% owned Pilgangoora Lithium-Tantalum Project, located approximately 120kms from Port Hedland in the Pilbara region of Western Australia.
Under the deal, the Chinese company will take between 75,000 tonnes and 150,000 tonnes of spodumene concentrate from Pilbara Minerals.