Tesla Will Also Use Local China Batteries

Tesla is in advanced stages of talks to use batteries without cobalt from CATL [Contemporary Amperex Technology Co Ltd ]. Cobalt is one of the most expensive metals in electric vehicle (EV) batteries.

Lithium Iron Phosphate (LFP) batteries have lower energy density than current Tesla batteries. However, Tesla and CATL are working on removing the modules from batteries. The battery cells would be in packs without modules. Removing modules would save 16-20% of the space in battery packs.

The CATL LFP batteries would be good enough for a local China built short-range Tesla Model 3 and cut the costs for those cars.

If Tesla is able to remove cobalt from its batteries this would save $300-600 for each car.

SOURCES- Hyperchange, Simon Moores, Reuters
Written by Brian Wang, Nextbigfuture.com

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