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Tesla Motors Inc (TSLA) And Samsung Planning Battery Deal

Tesla Motors Inc (NASDAQ:TSLA) may add South Korean battery producer Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) SDI Co Ltd to its list of suppliers in a bid to expand further by manufacturing more models, says a report from Reuters citing sources. However, Reuters, citing another source familiar with the discussion, also described the deal “as being far from done.”Tesla
Official words

Tesla Motors Inc (NASDAQ:TSLA), as well as Samsung SDI, announced Friday that they are in discussion about the South Korean company delivering battery technology to Tesla, which with its Model S has achieved ground-breaking performance only to be crowned the best-selling electric car in the United States.

One of the spokesmen of the Samsung SDI declined to provide details on the development. The executive said, “Nothing has been decided.”

Liz Jarvis-Shean, spokeswoman for Tesla, said that both firms are holding talks but also revealed that Tesla is in discussion with other battery suppliers, as well.

“We continually evaluate best (battery) cells and technologies from all manufacturers,” Jarvis-Shean said.


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