Tesla and CATL are working together on the development of faster-charging battery technology
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.
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.
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