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todayonline - 9 days ago

Tesla seeks China nod to build Model 3 vehicles with LFP batteries - ministry

BEIJING - Tesla Inc lt;TSLA.O gt; is seeking Chinese government approval to build model 3 vehicles in the country equipped with lithium iron phosphate (LFP) batteries, a document on the website of the Ministry of Industry and Information Technology showed. Reuters exclusively reported in February that Tesla is in advanced talks to use LFP batteries from CATL lt;300750.SZ gt; that contain no cobalt - one of the most expensive metals in electric vehicle (EV) batteries - in cars made at its China plant. The document does not show the name of the battery maker. Tesla did not immediately respond to a request for comment. The U.S. car maker is building Model 3 vehicles at its Shanghai factory. It uses EV batteries from Panasonic Corp lt;6752.T gt; and LG Chem lt;051910.KS gt;. CATL has said it would start supplying Tesla from July. REUTERS


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