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Tesla Said to Launch New Model 3 in China with Increased Range, Lower Price: Report

News Snapshot:

The world’s largest battery supplier is set to supply a new battery configuration to Tesla’s flagship sedan, which could even make the electric vehicles (EVs) more affordable. Tesla is planning to launch a China-built Model 3 unit using CATL’s M3P batteries, according to two sources familiar with the matter who reported to Sina Tech (via CnEVPost). The Model 3 is expected to gain a range increase of around ten percent, according to those familiar. Currently, Giga Shanghai’s Model 3 units come with CATL’s lithium iron phosphate (LFP) batteries offering 556 km (345 miles) to 675 km (419 miles). The new…

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