Tesla Is in Talks With Chinese Battery Giant to Power Model 3s Made in China
(Bloomberg) -- Tesla Inc. is in talks with top Chinese battery producer Contemporary Amperex Technology Co. Ltd. about supplying cells for the Model 3 cars it will assemble at a new factory near Shanghai, people familiar with the matter said. CATL’s stock jumped.
(彭博社)--据知情人士透露，特斯拉正与中国顶级电池生产商宁德时代就为Model 3汽车供应电池一事进行谈判。特斯拉将在位于上海的新工厂组装Model 3。宁德时代股价上涨。
CATL has been discussing the required specifications for the batteries with Tesla officials, the people said, asking not to be named because the talks are private. There’s no guarantee that an agreement will be reached, according to the people.
For CATL, winning orders from a high-profile customer like Tesla would bolster its profile as one of the world’s emerging battery-making power houses. Based in China’s southern Fujian province, the company is on course to become the biggest manufacturer of lithium-ion batteries in China.
Shares of CATL climbed as much as 6.7 percent. The stock rose 4 percent to 91.45 yuan at 10:12 a.m. in Shenzhen, the biggest intraday gain in a week.
In a statement on Tuesday, CATL said it hasn’t reached an agreement with Tesla on cooperation or signed any business pact. The company didn’t say whether it is in talks with the U.S. electric-car manufacturer.
Tesla declined to comment.
Carol10 hours ago
The Tesla Model 3 is a futuristic all-electric car made by USA based Tesla Inc. It is currently the best selling all-electric car in the U.S. ever and the backlog of orders continues to grow possibly projecting it into the best selling all-electric car in the world in time. Exciting times for an American auto manufacturer
Jeremy Wade10 hours ago
China's biggest car battery maker, CATL, has been ordered by the United States Court to pay 3% of their sales in the United States to LG Chemical, which is a competing Korean car battery maker, for violating LG's U.S. Patent rights. On the other hand, CATL will continue to violate the same U.S. Patent rights of LG Chemical in China because China does not recognize foreign companies' patent rights. Other countries around the world should violate Chinese companies' patents at will to return the favor.
USAWINS10 hours ago
Tesla. Built on a massive amount of US taxpayer dollars. Manufacturing in China? Never buy a Tesla!
B9 hours ago
Hmmm... As far as I can tell the battery business is the only redeemable piece of Tesla. I don't expect it to survive the next 2-3 years as a standalone car company. It will either become a battery company and sell off the car company or merge with a much larger player wanting the battery technology. The car company itself isn't worth 10% of its current stock value.
td10 hours ago
Amazon profited $11 billion in 2018, and paid zero taxes. I’m guessing Tesla is no different
ceyhun c4 hours ago
Electric cars are all about battery technology if you don't produce your own batteries how to differentiate your car from others?
R G9 hours ago
I thought Tesla was founded to develop advanced batteries.
and how much is a replacement set of battery, the equivalent to 1000 gal of gas or more.. As we all know battery operated devices are cheep its the batteries that are not.
Ken9 hours ago
Wonder what Tesla technology Musk gave to the Chinese to set up the factory.
Dan5 hours ago
That's a Great Idea... to diversify battery production .
user7 hours ago
I'm not going to buy Tesla if it is made in China! Made in USa is one of the reasons to buy Tesla. If made in china, then no
jackwiththebigjack7 hours ago
Trump is working on the Made in America model . MAGA baby!!
James8 hours ago
in the future when all these car require battery upgrades where will the old ones go? you think carbon emissions are bad wait until these toxic batteries start to end up in land fill poisoning your water supply.
Clintonn10 hours ago
I just realized I don't want a tesla anymore
td10 hours ago
Notice it’s not an American battery company
roadie9 hours ago
And I was thinking of getting a Telsa. But, not with junk batteries from China.
Especially when we have large, ultra modern battery plants right here in the USA.
James7 hours ago
Tesla is all about making great electric motors, just like Honda was famous for making gas motors.
JR10 hours ago
Made in China. Exploding batteries
Tony10 hours ago
Weren’t they building a gigafactory in China for battery production? Now that’s not happening.....ship is sinking fast! Wouldn’t want to be long tsla....shorts all over it
Common Sense9 hours ago
TESLA in China is a Huge Error in Judgement
Nick10 hours ago
Batteries from China = product on fire.
American10 hours ago
Chinese Teslas, sounds safeImageintersectdisconnectBy intersectdisconnect on
Anonymous10 hours ago
What about their own batteries?
TK10 hours ago
Tesra is going big
Mr. Logical9 hours ago
If Telsa goes to China we should stop buying.
James7 hours ago
The age of electric motors is just beginning, by Tesla in China.
Anonymous1 hour ago
Hopefully the trump tards out there are paying attention. Tariffs don't work! As long as the corporate CEO's are trying to increase profits and share value - jobs are going overseas.
Gary9 hours ago
Making China Great Again. Nice. And I'm sure the Chinese won't steal Tesla's designs, intellectual property, etc. LOL
The equivalence of driving with a ticking timebomb.
Anonymous9 hours ago
Chinese can copy just about anything nowadays and some are better than the originals.
Libtards9 hours ago
50% tariff imposed for not made in the USA
Baby Farts Mcgeezks9 hours ago
They probably already stole and reverse engineered the batteries.
Boom Stick10 hours ago
Everything is made in china.
Jeremiah s8 hours ago
Looks like there will be a Chinese clone coming out soon. Make it in China lose it in China
OrdinaryGod1 hour ago
Technology stolen from us
kevin8 hours ago
If you want to be rich go to China, Chinese dream is on the RISE.