Tesla Signs Agreement with EVE Energy for Battery Supply from Malaysia Factory Operational in 2025, $TSLA's 6th Supplier by 2026

Dec 26, 2024, 02:35 PM

Tesla has reportedly signed a deal with EVE Energy to supply energy storage batteries from a new factory in Malaysia, which is expected to commence operations in 2025. The agreement indicates that EVE Energy will begin supplying Tesla with these batteries by 2026. This partnership marks EVE Energy as Tesla's sixth battery supplier, further expanding Tesla's network of battery sources. The news has positively impacted EVE Energy's stock performance, reflecting investor optimism regarding the collaboration with the American electric vehicle manufacturer.