$TSLA CATL boss opens up about Tesla electric car battery deal MAY 22, 20200 BRIDIE SCHMIDT CATL has revealed a deal with Tesla that will drive down the costs of batteries. As part of the deal, CATL will be instrumental in TESLA's MILLION MILE BATTERY with battery packs that cost just $80/kWh, well under the $100/kWh barrier to bring EV prices on parity with ICE vehicles. A report also suggests that Tesla COULD ALREADY BE READY TO START MAKING the “Made-in-China” Model 3 using the low-cost LFP technology