China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
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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