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Chinese EV battery maker CATL extends deal with Tesla

Chinese EV battery maker CATL extends deal with Tesla

A China-made Tesla Model 3 electric vehicle is seen ahead of the Guangzhou auto show in Guangzhou, Guangdong province, China, Nov 21, 2019. (Photo: REUTERS/Yilei Sun)

BEIJING: Chinese electric vehicle battery maker CATL said on Monday it has extended a battery supply deal with US EV maker Tesla 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.

Source: Reuters

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