Reuters first to report Tesla in talks with China’s EVE for low-cost battery supply deal

Reuters was first to report that Tesla is in talks with Chinese battery maker EVE Energy Co to add the firm to its Shanghai factory supply chain as it seeks to boost procurement of lower cost batteries.

Market Impact

Shares of the Chinese battery firm jumped more than 10% in afternoon trade following the Reuters report about the talks.

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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