By Yilei Sun and Tom Daly
BEIJING (Reuters) – Tesla Inc. (О 🙂 said he had received quotes from Tianjin Lishchen to supply batteries to his new Shanghai electric car factory, but has not signed any agreement with the Chinese company.
Tesla previously received quotes from Lieschen, but did not proceed any further. We have not signed any agreement with them, "said Tesla's spokeswoman.
Reuters earlier reported Tuesday quoting two sources in direct contact with the question that Tesla and Lisin signed a preliminary agreement and worked on the details. An order from the US electric vehicle company would have been set, and Lyschen still was working on what kind of battery Tesla would require, one of the sources said.
Sources refused to be identified because the discussions are private.
The Japanese Panasonic (T 🙂 is currently the exclusive supplier of Tesla's rechargeable batteries. Shares closed 2.7 percent after Reuters reported.
Tesla CEO Elon Musk said in November that the US company will produce all its battery modules and packages at the Shanghai factory and plans to diversify its sources.
"Cell production will be produced locally, probably by several companies (including Pana) to meet demand in a timely manner," Musk said in a tweet in November.
Panasonic said in a statement that he was studying different options for Shanghai's Tesla plant, but nothing has been solved. He declined to comment on the possibility of losing the status of exclusive supplier with Tesla.
Despared did not reply to a request for a comment.
Other battery manufacturers that apply for contracts may include Advanced Technology Amperex Technology Co. Ltd (SZ 🙂 and LG Chem Ltd (KS :).
Tesla broke the land of the 2 billion pp. Gigafactory, the first in China earlier this month, and plans to start producing electric vehicles from model 3 by the end of the year.
Musk said the factory will produce "more affordable" cars for the Chinese automotive market, the largest in the world where the company is facing increasing competition and trade-related risks between the US and China.
Lishen, who says his customers range from Apple (O 🙂 and Samsung Electronics (KS 🙂 to Geely (HK 🙂 and Hyundai Motor [joiningotherbatterymanufacturersintheaggressivepursuitofcontractswiththerapidlyevolvingEBindustry
The Chinese company started mass production of the same type of cylindrical battery, manufactured by Panasonic for Model 3 of Tesla in 201
A joint venture will be based on the agreement that the couple announced at the end of 2017 the joint development of higher energy density batteries in a prismatic cellular arrangement.
This will also help Panasonic reduce its strong dependence on Tesla, whose production delays have been heavy on the revenue of the Japanese company. Panasonic plans to transfer most of its prismatic equipment and battery-related equipment to Japan and China to the joint venture, while those who produce Tesla batteries will remain in the company, a source said.