Share Name Share Symbol Market Type
Tesla Inc NASDAQ:TSLA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.13 0.28% 759.12 759.10 759.48 761.04 750.191 756.51 28,200,573 01:00:00

CATL Extends Battery Supply Deal with Tesla

28/06/2021 5:46pm

Dow Jones News

Historical Stock Chart

From Jun 2021 to Sep 2021

Click Here for more Tesla Charts.

China's Contemporary Amperex Technology Co. said Monday it has extended a deal with Tesla Inc. to supply electric vehicle battery cells to 2025.

In a filing to the stock exchange, the Chinese battery maker said it would continue to supply lithium-ion batteries to the Palo Alto, Calif., EV maker until December 2025.

CATL has been supplying lithium batteries to Tesla since mid-last year, under the agreement signed February 2020.

Sourcing locally has helped Tesla cut the prices of its Shanghai-made Model 3 sedans, which have been trimmed down by more than 25% since they were first delivered to the public in January 2020. More than 90% of the parts used in Tesla's Shanghai factory are from Chinese suppliers, Tesla China told a local media last month.

Tesla also uses LG Chem batteries in its Shanghai plant, where it also is making Model Y sport-utility vehicles. It isn't clear whether CATL's batteries are used in Model Ys. Tesla didn't immediately respond to a request for comment.

Write to Singapore editors at singaporeeditors@dowjones.com


(END) Dow Jones Newswires

June 28, 2021 12:31 ET (16:31 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Tesla Chart

1 Year Tesla Chart

1 Month Tesla Chart

1 Month Tesla Chart
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210918 16:59:10