Ningde Times announcement with Tesla cooperation, domestic Model 3 prices can continue to fall

Tesla’s partnership with the Nande era has been rumoured for a long time, with reports earlier that Tesla CEO Elon Musk had traveled to Shanghai in late August 2019 for a 40-minute meeting with the top executives of the Ninder era, and a non-binding agreement was reached. The final battery supply agreement is expected to be signed in mid-2020, and the purchase of batteries from the Ningde era will be used in model 3 models.

Tesla has previously denied this rumor, late last year the media asked Tesla China-related officials to verify, Tesla head said: “I have not heard of this.” “

On February 3, the Ningde Times announced that it plans to sign an agreement with Tesla to supply lithium-ion power battery products to Tesla, with the purchase volume of the product solely subject to Tesla’s subsequent specific purchase order.

Late last month, Tesla released its 2019 Q4 and full-year results, and at the earnings conference, it also confirmed the news that it had partnered with Ninder, China’s largest power battery supplier.

Ningde Times announcement with Tesla cooperation, domestic Model 3 prices can continue to fall

However, the two sides have not officially announced the details of the cooperation, but Tesla and The Ninder era of cooperation will obviously start from the domestic Model 3 electric car, the current domestic Model 3 is still using Panasonic and LG power battery, the use of its latest 21700 type battery, it is known to have an energy density of about 300Wh/Kg, than the original use of Panasonic 18650 battery 205Wh/kg increased by about 20% of the current battery production capacity of the highest battery capacity.

According to public data, the Ningde era in 2019 to achieve the installed power of 32. GWh, up 37% YoY, supporting domestic car enterprises up to 120, of which more than 1GWh customers reached 9, the market share of 51.76 percent.

As one of the most important costs of electric vehicles, the use of domestic batteries, the domestic Model 3 price will have further exploration space.

Ningde Times announcement with Tesla cooperation, domestic Model 3 prices can continue to fall