Tesla Agrees to Buy LG Chem Batteries for Made-in-China EVs -Bloomberg
August 23 2019 - 3:20AM
Dow Jones News
--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
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(END) Dow Jones Newswires
August 23, 2019 03:05 ET (07:05 GMT)
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