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Tesla in advanced talks with LG Chem on battery supply in China: source

August 23, 2019

Via: Reuters

The move represents a push by Tesla to diversify sources of the key component for its electric vehicles from its exclusive supplier, Japan’s Panasonic Corp (6752.T).

Another source said LG Chem agreed to supply batteries for Tesla’s China plant, without elaborating.

LG Chem is expanding its China battery capacities and modifying some manufacturing facilities in Nanjing to make a different type of auto battery, according to the first source.

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