Ningde Times Clarifies: No Intention to Cooperate with Tesla

On March 12, Ningde Times issued a clarification announcement on media reports, saying that so far, the company has not reached an intention to cooperate with Tesla and has not signed any business agreement. Tesla is in talks with battery supplier Ningde Times to buy rechargeable batteries to power the Model 3, which Tesla began assembling at its Shanghai plant, Bloomberg reported on March 11. The above-mentioned reports have been reprinted and disseminated by many media platforms at home and abroad, which has aroused the attention of many investors to the company. Ningde Times immediately checked the information and issued a clarification today (12 March) that it had no intention to cooperate with Tesla and had not signed any business agreement. Regarding the related media report, asks the general investor to interpret rationally. Which company's batteries will be used in Tesla's Model 3, which is manufactured at its plant in Shanghai, China? It is not yet known. Tramway resources will continue to follow up, please pay attention.