"CATL and Tesla Collaborate on Lightning-Fast Charging Battery Cells for Nevada Supply"

1 min read
Source: Bloomberg
"CATL and Tesla Collaborate on Lightning-Fast Charging Battery Cells for Nevada Supply"
Photo: Bloomberg
TL;DR Summary

CATL is collaborating with Tesla to develop faster-charging batteries as Tesla aims to maintain its market position and introduce a $25,000 electric car. The chairman of CATL, Robin Zeng, mentioned that there is potential for cost reduction, particularly if the car is intended for robotaxis, due to the longer life cycle and lower average cost of their batteries. CATL also plans to supply batteries to Tesla's Nevada facility.

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