The company intends to sign an agreement with Tesla to supply it with lithium-ion power battery products, according to an announcement from the Ningde Times on February 3. The final sales amount shall be subject to the actual settlement of the purchase order issued by Tesla.
Tesla said on January 29 that it has reached cooperation with LG Chemical Co., Ltd. and Ningde Times New Energy Technology Co., Ltd. on battery supply, but the supply agreement is relatively small, Reuters reported earlier.
Before Tesla came to China to build the plant, Panasonic group has always been its only power battery supplier.
Ningde era is a domestic power battery leading enterprise, business covers new energy vehicle power battery system, energy storage system research and development, production and sales, with power and energy storage battery field including materials, core, battery systems, battery recycling secondary utilization of the core technology. According to the data, Ningde Times installed 7.79GWh in the third quarter of last year, with a market share of 63.6% in the third quarter.