• Sun. May 26th, 2024

Collaboration between CATL and Tesla Leads to Breakthroughs in EV Battery Technology

BySamantha Nguyen

Mar 25, 2024
Tesla Collaborates with CATL to Develop Faster-Charging Battery Technology

Collaborations between Tesla and battery manufacturer CATL are yielding new developments in electric vehicle battery technology. The founder of CATL, the world’s largest battery manufacturer, revealed in an interview with Bloomberg that they are working closely with Tesla on this development. CATL has established a significant supply deal with Tesla and also supplies batteries to other major automakers such as BMW and Mercedes-Benz Group AG.

Despite challenges arising from U.S.-China trade disputes and restrictions on Chinese technology in American-made products, CATL is finding ways to work around these hurdles. Through licensing, royalty, and services agreements, CATL partners with other companies to license their battery technology for a fee. Ford, for example, has reached an agreement with CATL to manufacture battery cells using CATL’s battery cell knowledge and services.

CATL is currently in talks with up to 20 U.S. and European automakers to potentially establish licensing agreements similar to the one with Ford. Additionally, CATL and Tesla are collaborating on new electrochemical technology to develop faster-charging batteries. Tesla’s goal is to retain its market share in the growing global EV battery market and to produce an electric vehicle priced below $25,000.

CATL’s founder, Robin Zeng, highlighted the potential for cost reduction in the $25,000 car aimed by Tesla. He also confirmed reports that Tesla plans to open a small battery-manufacturing facility in Nevada using CATL equipment

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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