SOURCE / COMPANIES
Shenzhen-listed Eve Energy denies deal to provide Tesla batteries
Published: May 16, 2021 06:16 PM
Photo taken on Oct. 19, 2020 shows the Tesla China-made Model 3 vehicles which will be exported to Europe at Waigaoqiao port in Shanghai, east China, Oct. 19, 2020. U.S. carmaker Tesla announced on Monday that it would export the made-in-China Model 3 to Europe, marking another important milestone for its Shanghai Gigafactory. The first batch of exported sedans will leave Shanghai next Tuesday and arrive at the port of Zeebrugge in Belgium at the end of November before being sold in European countries, including Germany, France, Italy, Spain, Portugal, and Switzerland. (Xinhua/Wang Xiang)

Photo taken on Oct. 19, 2020 shows the Tesla China-made Model 3 vehicles which will be exported to Europe at Waigaoqiao port in Shanghai, east China, Oct. 19, 2020. (Xinhua/Wang Xiang)



Chinese lithium battery manufacturer Eve Energy Co on Sunday denied a Reuters report claiming it's in talks with Tesla about a lithium iron phosphate (LFP) battery supply deal.

The deal, which would see Tesla add Eve Energy to its Shanghai Gigafactory supply chain, is on pace to secure Tesla a second LFP battery supplier after Contemporary Amperex Technology Co (CATL), Reuters said in a report on Friday, citing unidentified sources. 

The US-based electric carmaker is seeking to finalize the deal in the third quarter, according to the Reuters report.

In a filing with the Shenzhen Stock Exchange on Sunday, Eve Energy rebutted the Reuters report as groundless.

Eve Energy's Shenzhen-listed shares soared 9.75 percent on Friday, leading a rally of close to 2 percent in the lithium battery sector. CATL's shares ended up 2.25 percent on Friday.

LFP batteries are cheaper to produce, since they use iron instead of nickel and cobalt, the more expensive components of electric vehicle batteries.

Eve Energy, a supplier of batteries to Chinese upstart EV maker Xpeng, disclosed in March its battery supply partnerships with established carmakers BMW and Daimler AG.

Global Times 


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