Chinese EV battery maker CATL extends deal with Tesla


FILE PHOTO: A Tesla logo is seen on a wheel rim during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song

BEIJING (Reuters) - 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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

EU asks X for details on reducing content moderation resources
New York governor regrets saying Black kids in the Bronx don’t know what a computer is
Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin
Apple’s China iPhone shipments soar 12% in March after discounts
Police in Vietnam arrest 20 for hacking Facebook accounts
Scammers use trojan horse virus to dupe 79-year-old SG man of RM605,000 of life savings
Hong Kong police foil dramatic robbery attempt caught on CCTV
UK tells tech firms to 'tame algorithms' to protect children
SoftBank in talks to buy AI chipmaker Graphcore, Bloomberg reports
Report: Chinese unicorn Zhipu AI to launch Sora rival as early as 2024 amid local race to catch up with OpenAI

Others Also Read