SHANGHAI, Mar. 11 (SMM) – Xiamen Tungsten Co. said it did not meet American electric car maker Tesla Motors Inc. as speculated by some online media.
Xiamen Tungsten made the clarification statement to Shanghai Stock Exchange today and claimed that battery material is a priority for development at the company.
It has a production capacity of making 5,000 tonnes of hydrogen storing alloys a year and 10,500 tonnes of lithium ion materials annually, it said. Japan’s Panasonic is the company’s major buyer, it added.
Tesla is looking to develop a network of superchargers in China to spur adoption of electric cars, which is likely to be endorsed by Beijing as a solution to the country's pollution woes, Chinese media reported recently, saying Tesla is meeting State Grid Corporation of China which is among the largest utility companies in the world.