Chinese EV battery maker CATL extends deal with Tesla – Reuters

https://www.reuters.com/business/autos-transportation/chinese-ev-battery-maker-catl-extends-deal-with-tesla-2021-06-28/


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BEIJING, June 28 (Reuters) – Chinese electric vehicle battery maker CATL (300750.SZ) said on Monday it has extended a battery supply deal with U.S. EV maker Tesla Inc (TSLA.O) 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 (6752.T) and LG Energy Solution.

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

Our Standards: The Thomson Reuters Trust Principles.


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