Explore stories from Atlantic Canada.
- Chinese electric-vehicle battery maker CATL is in talks with Tesla and other unnamed automakers to license its battery technology in the U.S. instead of building its own plant there, the Wall Street Journal reported on Monday.
The scale of cooperation and details about what technology Tesla would license from CATL are still being discussed and will depend on the EV maker's cash flow, the report said, citing an interview with CATL Chairman Robin Zeng.The Chinese company's existing partnership with Ford Motor will be the model for similar cooperation with other U.S. carmakers, the report added.
Ford said in November it would scale back the investment for its Michigan battery plant to produce low-cost lithium-iron batteries based on technology licensed by CATL following pushback from U.S. lawmakers. The WSJ report on CATL comes amid a global slowdown in EV demand and as U.S. lawmakers tighten their grip over the battery industry to prevent China-produced minerals or Chinese battery companies from winning electric vehicle tax credits.CATL is also working on faster charging batteries for Tesla and supplying machinery to the Elon Musk-led company's factory in Nevada, according to an interview Bloomberg News had with Zeng.
Zeng had told reporters earlier this month that the company was in discussions to set up research and development centers in Hong Kong to create new technologies that can be licensed abroad as domestic EV demand weakens.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CATL Working With Tesla on Fast-Charging Cells, Supplying NevadaContemporary Amperex Technology Co. Ltd. is working on faster charging batteries for Tesla Inc. as Elon Musk’s automaker seeks to defend its market share and roll out an electric car for under $25,000.
Read more »
Apple in Talks to Use Baidu’s AI in Chinese iPhones, WSJ SaysApple Inc. has discussed using Baidu Inc.’s AI in iPhones and other devices within China, the Wall Street Journal reported, a potentially big win for the domestic search leader.
Read more »
Explore: Church fundraiser; art history show; rock and gem showUpcoming events: Book sale for charity on Saturday; Victoria art-history exhibit on Sunday; rock and gem show Friday to Sunday
Read more »
Vancouver To Explore Building Co-Op Housing On City-Owned LandHoward is a Staff Writer based in Burnaby who covers real estate and commercial real estate, with a focus on housing policy and the development industry.
Read more »
LNG developer Tellurian to explore sale among other options, CEO steps downThe company earlier this year had hired Lazard to explore a sale of its Haynesville upstream business in East Texas and Louisiana as part of efforts to raise capital for the Driftwood project
Read more »
Shop Smart: Explore the Must-Have Products Topping Amazon's Best Sellers ListExplore the trendiest products on Amazon's best sellers List - shop top gadgets, home essentials, fitness gear, and more to stay ahead of the game and find the perfect items for your needs.
Read more »