Chinese EV Battery Maker CATL Extends Deal With Tesla
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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.
Other Tesla battery suppliers include Panasonic Corp and LG Energy Solution.
Questions & Answers
Q.Which specific Tesla models will receive batteries from CATL under this extended agreement?
Which specific Tesla models will receive batteries from CATL under this extended agreement?
CATL will supply battery cells for Tesla's Model 3 sedans and Model Y sport-utility vehicles, which are produced in Shanghai. This supply deal has been extended until December 2025.
Q.What is the new duration for the battery supply agreement between CATL and Tesla?
What is the new duration for the battery supply agreement between CATL and Tesla?
The agreement between CATL and Tesla has been extended until December 2025. This means CATL will continue to supply battery cells to the US electric vehicle maker for several more years.
Q.Are there other companies that supply batteries to Tesla besides CATL?
Are there other companies that supply batteries to Tesla besides CATL?
Yes, the article mentions that Tesla also sources batteries from other suppliers. These include Panasonic Corp and LG Energy Solution, providing a diversified supply chain for the EV manufacturer.
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