Tesla is collaborating with Contemporary Amperex Technology Co. Ltd. (CATL), the world's largest battery manufacturer, to innovate new battery technologies for faster-charging.
Despite the ongoing U.S.-China trade and technology frictions and restrictions on Chinese technology in U.S.-made products, CATL has effectively navigated through licensing, royalty, and services (LRS) agreements with partners.
This partnership signifies a promising future for EVs as the two industry leaders join forces to introduce new electrochemical technology aimed at reducing battery charging times. Alongside enhanced charging rates, Tesla is striving to produce a vehicle priced below $25,000, a strategic move to enhance EV accessibility. As highlighted by CATL’s founder, Robin Zeng, there is continual potential for cost reduction, particularly in achieving the $25,000 vehicle goal.
This information mirrors the details of an article on Zero Hedge, originally penned by Charles Kennedy via OilPrice.com. Stay tuned for further updates in this captivating chapter of automotive technology!
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