May 19, 2024 11:25 pm
Collaboration between Tesla and CATL Leads to Breakthrough in Fast-Charging Battery Technology

CATL, the world’s largest battery manufacturer, and Tesla are working together on a project to develop new battery technologies that could significantly improve the charging times of electric vehicle batteries. The founder of CATL revealed in an interview with Bloomberg that the two companies are collaborating on this initiative.

CATL has established a significant supply agreement with Tesla and serves as a battery supplier to major automakers such as BMW and Mercedes-Benz Group AG. However, due to U.S.-China trade and technology conflicts and restrictions on Chinese technology used in American-made products, CATL is unable to sell its batteries directly in the United States. Instead, the company is operating under licensing, royalty, and services (LRS) agreements with partners to license battery technology for a fee.

In addition to working with CATL, Tesla is focused on maintaining its market share in the growing global EV battery market and producing a vehicle priced below $25,000. CATL’s founder stated in the interview that there is potential for cost reduction depending on the target price for the $25,000 car. He also confirmed reports that Tesla plans to open a small battery-manufacturing plant in Nevada using equipment from CATL, with minimal involvement from the Chinese company. This collaboration between CATL and Tesla aims to develop new electrochemical technology for faster-charging batteries.

Ford, one of Detroit’s Big Three automakers, announced an agreement with CATL last year to manufacture battery cells using CATL’s lithium iron phosphate (LFP) battery cell knowledge and services. Currently, CATL is in talks with about 20 U.S. and European automakers to potentially reach similar licensing agreements.

This partnership between CATL and Tesla could lead to significant advancements in electric vehicle technology and help accelerate the transition towards sustainable transportation options.

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