- China’s leading power battery maker, Contemporary Amperex Technology Co Ltd, announced Thursday it has signed a volume production supply pricing agreement with US carmaker Tesla.
- Tesla is in talks to use CATL’s cobalt-free batteries in cars made at its Shanghai plant, citing people familiar with the matter.
- CATL saw its shares a sharp surge by the midday on Feb 20, gaining 5.32 percent to 161.35 yuan per share ($22.98).