U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea'...
) to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said.
The move represents a push by Tesla to diversify sources of the key component for its electric vehicles. Japan’s Panasonic Corp is currently Tesla’s exclusive battery cell supplier for new cars. LG Chem is expanding its China battery capacities and modifying some manufacturing facilities for making a different type of auto battery, according to the source.
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