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China-based electric vehicle battery supplier Contemporary Amperex Technology Co Ltd has denied rumors that claim it has forced employees to buy defective Tesla Inc (NASDAQ: TSLA) vehicles, as per Global Times report on Sunday. What Happened: CATL, a supplier to both Tesla and its electric vehicle rival Nio Inc (NYSE: NIO), said it has for the past three years encouraged employees to buy emissions-free EVs at a discounted price, subsidized by the company and will continue to do so, as per the report.
...read full article on Benzinga
