CATL, the world's largest battery manufacturer, is collaborating with Tesla to develop faster-charging batteries, aiming to bolster Tesla's market position and facilitate the launch of an electric vehicle priced under $25,000. CATL Chairman Zeng Yuqun announced the partnership, highlighting the supply of machinery to Tesla's Nevada factory and the development of the Shenxing 5C battery, which can charge from 10% to 80% in just 11.5 minutes. This collaboration is part of CATL's broader strategy to expand its presence in the U.S. market, as it is also in talks to license its battery technology to Tesla and other automakers in the U.S. and Europe. Despite a global slowdown in EV sales growth and geopolitical tensions, CATL is committed to its U.S. expansion plans. CATL ($CATL) and Tesla ($TSLA) shares are in focus.
China's leading #battery manufacturer CATL(@catl_official) is developing faster-charging batteries for @Tesla as the automaker seeks to defend its market share and introduce #ElectricVehicles priced below $25,000. https://t.co/oNPGh4B1dI
#Chinese EV #battery maker #CATL in talks with Tesla, other carmakers to license battery technology in US, instead of building its own plant there - Chairman Robin Zeng
"China’s Battery Champion Says Geopolitical Tensions Won’t Derail U.S. Expansion—CATL is in talks with global automakers including Tesla to expand in U.S. market" @rachelliang5602 @lizalinwsj https://t.co/NZJ0PP0Aci
IN-DEPTH: CATL to Keep Expanding in the Face of Slower EV Growth, Chairman tells Bloomberg News via @business by @ChunyingZhang, @Lindadalew & @AirEVthingTRNSP https://t.co/w3xcuD9ky3
The founder of China’s world-beating battery manufacturer vowed to press ahead with expansion in the face of a global slowdown in electric-vehicle sales growth https://t.co/Txbpul61IP
CATL in talks with Tesla, global automakers for US licensing, WSJ reports https://t.co/uupVjbU0A5 https://t.co/KppXAhlOlr
Tesla is in talks to license CATL battery technology because one of Tesla's "special sauces" is its "proprietary battery technology." LOL $TSLA https://t.co/gaPXhDhlgU
⚠️ CATL IS IN TALKS WITH GLOBAL AUTOMAKERS INCLUDING TESLA TO EXPAND IN U.S. MARKET -WSJ
CATL IS IN TALKS WITH GLOBAL AUTOMAKERS INCLUDING TESLA TO EXPAND IN U.S. MARKET-WSJ
$TSLA ❖ CATL in Talks With Tesla, Other Automakers to License Battery Technology in the U.S., Chairman Says -- WSJ
$TSLA (-1.2% pre) CATL Working With Tesla on Fast-Charging Cells, Supplying Nevada - BBG https://t.co/1M68pJGjis
"CATL is in talks with around 10 to 20 other automakers in the US and Europe" LOL, but let's go for that $TSLA headline so it sounds special! https://t.co/ofW4SSRRVH
Read the @business interview where ⬇️ information came from here ➡️ CATL Working With Tesla on Fast-Charging Cells, Supplying Nevada https://t.co/6eFgJPuvuZ https://t.co/xfA0Tg5RLM
CATL CEO Zeng Yuqun: CATL is developing faster charging batteries for Tesla. Prior to this, CATL has already mass-produced the Shenxing 5C battery, which goes from 10%-80% in 11.5 minutes.
The world’s biggest battery maker CATL is working on faster charging batteries for Tesla as Elon Musk’s automaker seeks to defend its market share and roll out an electric car for under $25,000 https://t.co/PAw9w3PAUP
$TSLA| CATL Working On Faster Charging Cells With Tesla For EVS - BBG https://t.co/a3Sg1kqocn
CATL founder and chair sits with @business: CATL Working With Tesla on Fast-Charging Cells, Supplying Nevada by @ChunyingZhang, @Lindadalew & @AirEVthingTRNSP https://t.co/6eFgJPv3kx
CATL's chairman Zeng says the group is working with Tesla on faster charging cells for EVs, and CATL will supply machinery to the Tesla factory in Nevada.-Bloomberg #China #CATL $CATL #Tesla $TSLA