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Chinese EV Battery Maker CATL Extends Deal With Tesla

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Chinese EV battery maker CATL extends deal with Tesla
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Chinese EV Battery Maker CATL Extends Deal With Tesla

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BEIJING : Chinese electric vehicle battery maker CATL said on Monday it has extended a battery supply deal with U.S. EV maker Tesla Inc to 2025.

Ningde-based CATL said in a stock exchange filing that it would supply battery cells to Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, until December 2025.

Other Tesla battery suppliers include Panasonic Corp and LG Energy Solution.

Source: Reuters

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Anand Gupta Editor - EQ Int'l Media Network
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