Tesla Signed Purchase Agreement

April 13th, 2021 1:32 pm

SHANGHAI (Reuters) – China`s top battery maker CATL 300750.SZ said on Monday it had entered into a battery supply contract with Tesla TSLA. O signed. Tesla will determine the volume of the battery purchase between July 2020 and June 2022, based on its own needs, CATL said in a stock exchange, adding that the agreement does not impose restrictions on Tesla`s purchase volume. Tesla, which has a long-standing battery delivery agreement with Japan`s Panasonic Corp. 6752.T, said in its profit appeal last week that its pact with LG Chem 051910.KS and CATL was on a smaller scale. Tesla is building Model 3 vehicles from its $2 billion plant in Shanghai, which began last year with car delivery, and announced the diversification of battery supply for the plant. All data is displayed with a delay of at least 15 minutes. A full list of scholarships and delays are available here. Reports from Yilei Sun and Brenda Goh; Kim Coghill and Uttaresh.V. Cup

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