--Tesla has struck a deal to purchase batteries from South Korea's LG Chem that it will use in electric cars produced in Shanghai, Bloomberg reports, citing unnamed sources.

--Bloomberg previously reported that the U.S. car maker has held discussions with local battery-producer Contemporary Amperex, as part of a strategy to have multiple battery suppliers for its first foray into the world's largest market for new-energy vehicles.

Full story: bloom.bg/2P727ou

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(END) Dow Jones Newswires

August 23, 2019 03:05 ET (07:05 GMT)

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