25 August 2019

Tesla eyes State Grid unit as recharging partner, report says

Tesla Motors Inc. is likely to partner with a subsidiary of State Grid Corporation of China to develop a battery charging solution for its electric motor cars, news website reported Tuesday. Sources close to the US company said it is not merely looking for recharging facilities but rather a complete range of solutions that will cater to the needs of its customers across China. State Grid has four listed arms, namely XJ Electric Co. Ltd. (000400.CN), NARI Technology Development Co. Ltd. (600406.CN), Henan Pinggao Electric Co. Ltd. (600312.CN) and Guodian Nanjing Automation Co. Ltd. (600268.CN), the report said.

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