CATL extends battery supply deal with Tesla

Reuters | June 28, 2021 | 11:17 am Battery Metals China 
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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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