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TSLA Tesla Inc

181.20
1.19 (0.66%)
04 May 2024 - Closed
Delayed by 15 minutes
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
  1.19 0.66% 181.20 180.50 181.50 184.78 178.43 182.10 75,491,227 05:00:04

Tesla Nears Deal to Use CATL's Cobalt-Free Batteries, Reuters Reports

18/02/2020 8:57am

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Tesla (NASDAQ:TSLA)
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--Tesla is nearing a deal to use batteries made by Contemporary Amperex Technology Co. that don't contain cobalt in cars it makes in its China plant, Reuters reports, citing unnamed sources.

--It would be the first time the U.S. car maker has used batteries that don't contain cobalt, Reuters says, calling the element one of the most expensive metals in electric-vehicle batteries.

--The lithium iron phosphate batteries by CATL, as the Chinese company is known, are cheaper than existing batteries by a "double-digit percent," according to Reuters.

 

Full story: https://reut.rs/3268JpS

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

February 18, 2020 03:42 ET (08:42 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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