m
Latest
Connect with:
Wednesday / November 20.

Tesla to buy batteries from South Korea’s LG Chem: Bloomberg

[ad_1]

FILE PHOTO – Tesla super chargers are shown in Mojave, California, U.S. July 10, 2019. REUTERS/Mike Blake

(Reuters) – Tesla Inc (TSLA.O) has agreed to buy batteries from South Korea’s LG Chem Ltd (051910.KS) for electric vehicles manufactured in China, Bloomberg reported on Friday citing people familiar with the matter.

The batteries made by the South Korean chemical company will be initially used in Model 3 cars that are manufactured in the plant near Shanghai, the report said.

Tesla did not immediately respond to Reuters request for comment.

Reporting by Aakriti Bhalla in Bengaluru, Editing by Sherry Jacob-Phillips

[ad_2]

via Reuters