Tesla collaborates with CATL to develop quicker-charging battery technology

Collaboration between Tesla and CATL: Paving the Way for Faster-Charging Electric Vehicle Batteries

Tesla and CATL, the world’s largest battery manufacturer, are collaborating on the development of new battery technologies that could lead to faster-charging electric vehicle batteries. The founder of CATL shared this information in an interview with Bloomberg published on Monday. Despite restrictions on Chinese technology in American-made products due to U.S.-China trade and technology disputes, CATL is unable to sell its batteries directly in the United States. However, the company is working with partners through licensing, royalty, and services (LRS) agreements that allow them to license the battery technology for a fee.

CATL has a significant supply deal with Tesla and also supplies batteries to other major automakers like BMW and Mercedes-Benz Group AG. Last year, Ford announced an agreement with CATL to manufacture battery cells using CATL’s lithium iron phosphate (LFP) technology. Currently, CATL is in talks with up to 20 U.S. and European carmakers to potentially form licensing agreements similar to the one with Ford. Additionally, CATL and Tesla are collaborating on new electrochemical technology to develop faster-charging batteries, with a focus on Tesla’s goal of manufacturing a vehicle priced below $25,000.

Tesla plans to open a small battery-manufacturing plant in Nevada using CATL equipment that is not currently in use, with minimal involvement from the Chinese company. This collaboration showcases the importance of partnerships in the rapidly expanding global electric vehicle battery market.

The founder of CATL mentioned that there is always room for cost reduction in achieving Tesla’s goal of manufacturing a vehicle priced below $25,000. This collaboration between two industry leaders highlights how important it is for companies to work together in order to advance technology and innovation within their respective fields.

In conclusion, this partnership between Tesla and CATL showcases how even though there may be challenges posed by trade disputes or restrictions on certain technologies, it is still possible for companies to come together and work towards advancing their respective industries through collaboration and innovation.

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