Chinese EV battery maker CATL extends deal with Tesla

FILE PHOTO: Tesla logo is seen on a wheel rim during the media day for the Shanghai auto show in Shanghai
FILE PHOTO: A Tesla logo is seen on a wheel rim during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song

June 28, 2021

BEIJING (Reuters) – Chinese electric vehicle battery maker CATL said on Monday it has extended a battery supply deal with U.S. EV maker Tesla Inc to 2025.

Ningde-based CATL said in a stock exchange filing that it would supply battery cells to Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, until December 2025.

Other Tesla battery suppliers include Panasonic Corp and LG Energy Solution.

(Reporting by Yilei Sun and Tony Munroe; Editing by Jan Harvey)