Steve_S
Offgrid Cabineer, N.E. Ontario, Canada
May 14, 20216:47 AM EDT
SOURCE: https://www.reuters.com/business/au...-cost-battery-supply-deal-sources-2021-05-14/
EXCLUSIVE Tesla in talks with China’s EVE for low-cost battery supply deal -sources
ReutersSOURCE: https://www.reuters.com/business/au...-cost-battery-supply-deal-sources-2021-05-14/
PART of Article, See Source Link for Full Article:
Tesla Inc (TSLA.O) is in talks with Chinese battery maker EVE Energy Co (300014.SZ) 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.
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.
EVE would become the second supplier of LFP batteries to Tesla after China's Contemporary Amperex Technology Co (300750.SZ) (CATL).