fbpx

EV Engineering News

Tesla to buy batteries from CATL for China market

Recently, Tesla has indicated that it plans to diversify its battery supply for the Asian market, moving away from its near-total reliance on Panasonic. Now Contemporary Amperex Technology (CATL), China’s largest EV battery-maker, has confirmed the signing of a two-year supplier agreement with Tesla. The agreement does not specify the volume of cells to be sold.

Panasonic has said it would not manufacture cells for Tesla in China, which left the automaker with the options of shipping Panasonic batteries from the Nevada Gigafactory or finding a local supplier.

Tesla, said during last week’s earnings call that its agreements with LG Chem and CATL were of a smaller scale than the existing Panasonic partnership.

Sources: Reuters, Benzinga

Comment
Comments
Create Account. Already Registered? Log In

Virtual Conference on EV Engineering: Free to Attend

The sessions from our Fall 2022 Virtual Conference are now available to view on-demand. Register for a session below to watch the recording and download the presentation.

LOAD MORE SESSIONS

EV Engineering Webinars & Whitepapers

EV Tech Explained