Did Tesla seal another deal with Battery Giant CATL?

Benzinga:

The article reported that Chinese battery giant CATL‘s chairman Robin Zeng on Monday reportedly visited the hotel in Beijing where Tesla Inc CEO Elon Musk is staying on his visit to China. The witnesses saw Zeng exit an elevator in the lobby of Musk’s hotel where he was greeted by senior Tesla China executives Tom Zhu and Grace Tao. The news agency was unable to confirm if Zeng met with Musk. CATL is an important battery supplier for Tesla.

Techradar:

CATL, a Chinese company that is at the forefront of supplying the world's EV battery packs, announced a new technology at the Beijing auto show last week that could see as much as 621-miles possible from a single charge of an EV battery. What’s more, it says that just 10 minutes of super-fast charging will add a staggering 600km (or around 373-miles) of range on the Chinese testing cycle. The battery technology has apparently been tested in temperatures as low as -20C, where it was still capable of achieving the rapid charging speeds. One of CATL's highest profile customers is Tesla and a report by Bloomberg News earlier this year suggested that the Chinese company was working on faster charging batteries for some of Tesla’s most popular models.

My Take: If the secret meeting is indeed about the supercharging battery, Tesla will have another deal to announce which can make the stock to soar to a new high. Currently Tesla share price surges more than 16% break 196 USD.

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