CATL

Tesla will develop new batteries on its own, and it is expected that specific information such as battery composition will be announced at the battery investor meeting in April, Chinese media E-Company quoted unnamed Tesla sources as saying.

Tesla is in advanced stages of talks to use batteries from Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, in cars made at its China plant, Reuters reported citing people familiar with the matter said.

With the increase of Tesla's adoption of Chinese suppliers and the ramp-up of production capacity, the price of Tesla's China-made models will still have room to go down in the future, Cui Dongshu, secretary general of the China Federation of Vehicle Industry Associations said.

China-made Model 3 prices expected to fall further as CATL signs deal with Tesla