March 25 (Reuters) - Chinese electric-vehicle battery
maker CATL is in talks with Tesla and other
unnamed automakers to license its battery technology in the U.S.
instead of building its own plant there, the Wall Street Journal
reported on Monday.
The scale of cooperation and details about what technology
Tesla would license from CATL are still being discussed and will
depend on the EV maker's cash flow, the report said, citing an
interview with CATL Chairman Robin Zeng.
The Chinese company's existing partnership with Ford Motor ( F )
will be the model for similar cooperation with other U.S.
carmakers, the report added.
Ford said in November it would scale back the investment for
its Michigan battery plant to produce low-cost lithium-iron
batteries based on technology licensed by CATL following
pushback from U.S. lawmakers.
The WSJ report on CATL comes amid a global slowdown in EV
demand and as U.S. lawmakers tighten their grip over the battery
industry to prevent China-produced minerals or Chinese battery
companies from winning electric vehicle tax credits.
Ford, CATL and Tesla did not immediately respond to Reuters
requests for comment.
CATL is also working on faster charging batteries for Tesla
and supplying machinery to the Elon Musk-led company's factory
in Nevada, according to an interview Bloomberg News had with
Zeng.
Zeng had told reporters earlier this month that the company
was in discussions to set up research and development centers in
Hong Kong to create new technologies that can be licensed abroad
as domestic EV demand weakens.