TEMPO.CO, Jakarta - U.S. electric vehicle maker Tesla Inc. is poised to start selling some Model 3 vehicles made in China equipped with cobalt-free lithium iron phosphate (LFP) batteries, two people familiar with the matter said.
Currently, the Model 3 electric sedans made at the carmaker’s Chinese plant use nickel-manganese-cobalt (NMC) batteries. The starting price for the vehicles is currently 271,550 yuan ($39,900) after factoring in government subsidies.
Tesla was not immediately available for comment.
In China, the world’s biggest car market, Tesla sold over 11,000 vehicles, mostly Model 3s, in August. It is also building a new car manufacturing capacity for Model Y sport-utility vehicles in Shanghai and expects to start delivery of them from next year.
Reuters has previously reported that Tesla would use LFP batteries made by China's CATL, which declined to comment at the time.