One of the largest battery suppliers in the world, CATL, has signed an agreement with Tesla, as reported by Reuters.
The agreement lasts for two years from July 2020 to June 2022 and has no specified capacity restrictions.
Tesla has reportedly secured a battery supply deal with CATL, China’s biggest battery manufacturer, to supply cells for Gigafactory 3 in Shanghai and potentially expand to other production facilities.
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Toyota announced today that it has reached a deal with China’s Contemporary Amperex Technology Co., Limited (CATL) to develop batteries for electric cars.
Tesla is reportedly in talks with CATL, China’s number one battery cell manufacturers for electric vehicles, in order to supply batteries for Model 3 vehicles produced at Gigafactory 3 in Shanghai.
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Honda hasn’t been one of the most active automakers when it comes to electrification, but it is now making some big moves, including securing a battery cell supply contract for about 1 million electric vehicles with CATL, one of the largest battery manufacturers in the world.
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When BMW unveiled the all-electric iX3 SUV in Beijing earlier this year, the German automaker’s plan for the vehicle wasn’t clear outside of China.
Now they have confirmed that the upcoming new electric vehicle will be built in China and exported to other markets as the automaker confirms a massive new battery contract for the production of its new electric vehicles.
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BMW is currently getting its electric vehicle batteries from Samsung SDI, but it has now signed a contract with CATL, China’s biggest battery manufacturer, to secure future electric vehicle production.
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Nissan and Renault are planning a series of new electric cars for the Chinese market and they are turning to China’s emerging leading automotive battery maker, Contemporary Amperex Technology (CATL), to supply them.
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Contemporary Amperex Technology (CATL), China’s largest automotive battery maker, has been making strides in the past few years thanks to the country’s rapid deployment of electric vehicles.
The company is now reportedly aiming to become the world’s largest automotive battery maker with a new factory financed by an initial public offering (IPO) valued at $2 billion.
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Last year, Apple was rumored to be working on an autonomous all-electric car codenamed ‘Project Titan’. The company later confirmed development work on an autonomous driving platform and CEO Tim Cook even referred to it as “a core technology” for the company, but it showed signs of giving up on developing an actual car.
But now Apple is reportedly working on electric car batteries with China’s biggest battery maker.
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Contemporary Amperex Technology Co., Limited (CATL), a relatively new Chinese li-ion battery maker, is shaping up to become a major player in the industry in the coming years with plans for several important battery factories comparable in size to Tesla’s Gigafactory.
The company has now signed a supply contract with SAAB successor National Electric Vehicle Sweden (NEVS) in order for the electric vehicle maker to deliver on its orders for electric car fleets in China.
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