Tesla Agrees to Buy LG Chem Batteries for Made-in-China EVs -Bloomberg

Date : 08/23/2019 @ 7:20AM
Source : Dow Jones News
Stock : Tesla Inc (TSLA)
Quote : 349.47  3.36 (0.97%) @ 7:00PM

Tesla Agrees to Buy LG Chem Batteries for Made-in-China EVs -Bloomberg

Tesla (NASDAQ:TSLA)
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--Tesla has struck a deal to purchase batteries from South Korea's LG Chem that it will use in electric cars produced in Shanghai, Bloomberg reports, citing unnamed sources.

--Bloomberg previously reported that the U.S. car maker has held discussions with local battery-producer Contemporary Amperex, as part of a strategy to have multiple battery suppliers for its first foray into the world's largest market for new-energy vehicles.

 

Full story: bloom.bg/2P727ou

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

August 23, 2019 03:05 ET (07:05 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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