CATL extends battery supply deal with Tesla
Tesla Model 3 on display in China. Credit: Wikimedia Commons
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.
ALSO READ: Apple said to be in battery supply talks with CATL and BYD
Other Tesla battery suppliers include Panasonic Corp and LG Energy Solution.
(By Yilei Sun and Tony Munroe; Editing by Jan Harvey)
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