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Saturday, October 16, 2021

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.

(Reporting by Yilei Sun and Tony Munroe; Editing by Jan Harvey)



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