Tesla looks to pave the way for Chinese battery makers to come to U.S.

Tesla Inc wants to shift to a less expensive battery for its electric vehicles but first needs to figure out how to overcome political tensions to get a Chinese partner to build the iron-based batteries near its U.S. factories. China dominates the production of iron-based batteries thanks to a series of key patents, which have allowed the country to make 95% of the world’s Lithium Iron Phosphate (LFP) batteries.

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