Tesla in advanced talks with LG Chem on battery supply in China - source
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(Reuters) - U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea's LG Chem Ltd to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said.The move represents a push by Tesla to diversify sources of the key component for its electric vehicles. Japan's Panasonic Corp is currently Tesla's exclusive battery cell supplier for new cars.Bloomberg reported on Friday that the California-based EV maker has agreed to buy batteries..