Exclusive: Tesla in talks with China s EVE for low-cost battery supply deal - sources Toggle share menu
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Exclusive: Tesla in talks with China s EVE for low-cost battery supply deal - sources Tesla Inc is in talks with Chinese battery maker EVE Energy Co to add the firm to its Shanghai factory supply chain, four people familiar with the matter said, as it seeks to boost procurement of lower cost batteries.
FILE PHOTO: A man holding a computer walks past a sign of electric carmaker Tesla during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song
Tesla in talks with China s EVE for low-cost battery supply deal: Reuters
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Last Updated: May 14, 2021, 12:09 PM IST
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Synopsis
EVE makes lithium iron phosphate (LFP) batteries, which are cheaper to produce because they use iron instead of more expensive nickel and cobalt. But LFP batteries generally offer a shorter range on a single charge than the more popular nickel/cobalt alternative.
Reuters
One of the sources said Tesla could start using EVE s LFP batteries in the China-made Model 3 and Model Y vehicles within the next six months
Tesla Inc is in talks with Chinese battery maker EVE Energy Co to add the firm to its Shanghai factory supply chain, four people familiar with the matter said, as it seeks to boost procurement of lower cost batteries.
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