Tesla looks to make Models 3s in China with cobalt-free batteries (NASDAQ:TSLA)

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Tesla (NASDAQ:TSLA) is prepping to start selling some Model 3 vehicles made out of Shanghai in China equipped with cobalt-free lithium iron phosphate batteries, sources tip Reuters.The switch to LFP batteries for the Chinese-made Model 3s from using nickel-manganese-cobalt batteries is expected to save costs.Tesla is expected to make an announcement on the change as early as tomorrow.

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