Tesla partners with LG Chem, CATL for battery supply
Tesla Inc (TSLA.O) has entered into a partnership with South Korea’s LG Chem Ltd (051910.KS) and China’s CATL (300750.SZ) for supply of batteries used in its electric cars, the company said on Wednesday…
From the Energy Metal News archive. This article dates from Jan 31, 2020 and is preserved as first published.
Tesla Inc (TSLA.O) has entered into a partnership with South Korea’s LG Chem Ltd (051910.KS) and China’s CATL (300750.SZ) for supply of batteries used in its electric cars, the company said on Wednesday.
Tesla, which has a long-standing battery supply agreement with Japan’s Panasonic Corp (6752.T), said its pact with LG Chem and CATL was at a smaller scale.
Tesla, which has a long-standing battery supply agreement with Japan’s Panasonic Corp (6752.
LG Chem declined to comment, while CATL did not respond to Reuters’ requests for comment. Tesla was not immediately available to comment on the details of the new partnership.
Last year, Reuters reported on Tesla’s talks with LG Chem to source batteries for vehicles to be made in its Shanghai plant. A source had also told Reuters that the electric carmaker may source batteries from CATL in the future.
