China’s CATL signs battery supply agreement with Tesla, Auto News, ET Auto

SHANGHAI: China’s top rated electrical automobile battery maker CATL claimed on Monday it has signed a battery provide settlement with Tesla .
Tesla will figure out the battery obtain volume amongst July 2020 and June 2022, according to its have desires, CATL claimed in a stock trade submitting, introducing the settlement does not impose constraints on Tesla’s obtain volume.
Tesla, which has a very long-standing battery provide settlement with Japan’s Panasonic Corp , claimed through its earnings phone past week that its pact with LG Chem and CATL was at a lesser scale.
Tesla is setting up Design 3 vehicles from its $2 billion Shanghai manufacturing unit, which began delivering cars past 12 months, and has claimed it would diversify battery provides for the plant.