Tesla in talks with Chinese company for low-cost battery supply deal


Source: thenationalnews.com thenationalnews.com

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Tesla in talks with Chinese company for low-cost battery supply deal The electric vehicle maker is seeking to finalise the partnership in the third quarter A Tesla logo on a Model S. Tesla is facing growing competition from Chinese rivals such as Nio and Li Auto, as well as mounting cost pressure. Photo: Reuters SHARE SHARE Tesla is in talks with Chinese battery maker EVE Energy to add the firm to its Shanghai factory supply chain, sources said, as it seeks to boost procurement of lower cost batteries. EVE makes lithium iron phosphate batteries, which are cheaper to produce because...