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American electric carmaker Tesla has penned a deal to purchase lithium battery-making equipment from China’s Lead Intelligent Equipment.
Tesla signed a CNY43 million (USD6.2 million) agreement to buy winding machines, cylindrical battery assembly lines and capacity grading systems used in lithium cell production, the Wuxi-based manufacturer said in a statement yesterday.
The deal is a good start to cooperation with Tesla and will enhance Lead Intelligent Equipment’s brand image, the statement added.
The supplier, who provides lithium battery equipment to the likes of Apple and Samsung, did not go into details regarding the quantity of goods or when and where they would be delivered.
Source: yicaiglobal.com
