Fri. Jun 14th, 2024
Tesla and CATL Collaborate on Advancing Faster Charging Battery Technology

Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest battery manufacturer, is collaborating with Tesla to develop new battery technologies that could result in faster-charging electric vehicle batteries. Despite trade tensions and restrictions on Chinese technology in the United States, CATL has a significant supply deal with Tesla and also supplies batteries to major automakers like BMW and Mercedes-Benz.

Despite being unable to directly sell its batteries in the American market, CATL is engaging in licensing, royalty, and services agreements with partners to license its battery technology for a fee. Last year, Ford announced an agreement with CATL to manufacture battery cells using CATL’s expertise. CATL is currently in discussions with numerous U.S. and European carmakers for similar licensing deals.

In addition to collaborating with Tesla on new battery technology, CATL is also working on developing faster-charging batteries. Tesla aims to maintain its market share in the growing EV battery market and produce a vehicle priced at under $25,000. According to its founder, there is room for cost reduction in achieving this goal. It was reported earlier this year that Tesla plans to open a small battery-manufacturing plant in Nevada using CATL equipment, with minimal involvement from the Chinese company’s staff in the initial setup process.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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