Tesla Cooperates With CATL On Faster-Charging Battery Technology
Authored by Charles Kennedy via OilPrice.com,
Tesla and battery manufacturer CATL are working together on the development of new battery technologies that could lead to faster-charging electric vehicle batteries, the founder of the Chinese battery manufacturer, the world’s biggest, told Bloomberg in an interview published on Monday.
Contemporary Amperex Technology Co. Ltd., as CATL is officially known, has a large supply deal with the U.S. EV manufacturer, and is also a battery supplier to big automakers including BMW and the Mercedes-Benz Group AG.
Amid the U.S.-China trade and technology spats and U.S. restrictions on Chinese technology used in America-made products, CATL is effectively banned from selling its batteries directly in the United States. But the company is working under so-called licensing, royalty, and services (LRS) agreements with partners, allowing them to license the battery technology, for a fee.
Last year, one of Detroit’s Big Three, Ford, said it had reached an agreement with CATL, under which a wholly owned subsidiary of Ford would manufacture the battery cells using lithium iron phosphate (LFP) battery cell knowledge and services provided by CATL.
Currently, CATL is in discussions with up to 20 U.S. and European carmakers to potentially reach licensing deals similar to the one with Ford, CATL’s founder, Chinese billionaire Robin Zeng, told Bloomberg.
Separately, CATL and Tesla are working together on new electrochemical technology aiming to make faster-charging batteries, he added.
Tesla is looking to preserve its market share in the growing global EV battery market and to manufacture a vehicle that would cost less than $25,000.
“There’s always room for cost reduction depending on what the $25,000 car’s aim is,” CATL’s Zeng told Bloomberg in the interview.
The Chinese businessman also confirmed an earlier Bloomberg report from January this year that Tesla plans to open a small battery-manufacturing plant in Nevada using idle CATL equipment, with minimal involvement of the Chinese company, whose staff would only work on setting up the equipment.
Tyler Durden Tue, 03/26/2024 – 14:50
Source: https://freedombunker.com/2024/03/26/tesla-cooperates-with-catl-on-faster-charging-battery-technology/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
