CATL Working With Tesla on Fast-Charging Cells, Supplying Nevada

CATL Working With Tesla on Fast-Charging Cells, Supplying Nevada
Summary
Contemporary Amperex Technology Co. Ltd. is developing faster-charging batteries for Tesla Inc. to support the company's efforts to maintain market share and introduce a sub-$25,000 electric car. Robin Zeng, the chairman of CATL, expressed confidence in reducing costs for the $25,000 car, particularly if it is intended for robotaxis, due to the longer life cycle and lower average cost of their batteries. This development aims to address cost considerations and support the broader expansion of affordable electric vehicles.

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