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Tesla in talks with China’s Amperex Technology (CATL) for rechargeable batteries

Tesla in talks with China’s Amperex Technology (CATL) for rechargeable batteries

CATL has been in talks with Tesla officials about the required specifications for the batteries.

By Reuters @moneycontrolcomTFM News

Tesla INC is in talk with Chinese battery maker modern Amperex Technology Co Ltd (CATL) for ordering rechargeable batteries to power its Model three cars, Bloomberg reported on March 11, citing people familiar with the matter.

CATL has been in talks with Tesla officials about the required specifications for the batteries, according to the Bloomberg report, which added that there was no guarantee that an agreement would be reached.

In January, sources told Reuters that Tesla had signed a preliminary agreement with China’s T’ien-ching Lishen to provide batteries for its new Shanghai automobile factory.

Tesla declined to comment and CATL did not immediately respond to requests for comment on the report.

Source: MoneyControl

– TFM News

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