Tesla in talks with China's CATL for rechargeable batteries: Bloomberg
11 March 2019 5:35 PM IST
Tesla declined to comment and CATL did not immediately respond to requests for comment on the report.
The rating for the Model 3, which is lower priced than earlier Tesla models and aimed at giving the Silicon Valley automaker mass market appeal, was part of magazine's annual survey of new vehicle reliability.
Tesla Inc is in discussions with Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) for ordering rechargeable batteries to power its Model 3 cars, Bloomberg reported on Monday, citing people familiar with the matter.
CATL has been in talks with Tesla officials about the required specifications for the batteries, according to the Bloomberg report, which added that there was no guarantee that an agreement would be reached.
In January, sources told Reuters that Tesla had signed a preliminary agreement with China’s Tianjin Lishen to supply batteries for its new Shanghai car factory.
Tesla declined to comment and CATL did not immediately respond to requests for comment on the report.
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