Foreign media: Ningde times wins a two-year contract to supply batteries to Tesla

category:Finance
 Foreign media: Ningde times wins a two-year contract to supply batteries to Tesla


According to reports, people familiar with the matter said at the time that the batteries would be used for the model 3 cars produced at Teslas new plant near Shanghai. Tesla will use Panasonic and LLG chemical batteries in China at the same time, one of the people familiar with the matter said at the time.

According to the report, it is crucial for Musks efforts to expand in the worlds largest auto market to ensure that sufficient local batteries (the most expensive part of electric vehicles) are available. Chinas supply will make Tesla less dependent on imports, thus reducing the impact of tariff fluctuations in trade frictions.

Information pictures. (official website)

Source: editor in charge of reference information: Yang bin_nf4368