[Citi: Tesla is unlikely to give up the Ningde era and switch to other battery suppliers] Citi said investors were worried that Tesla might give up the Ningde era and switch to other suppliers to meet the requirement for a full tax credit. Citigroup thinks this is unlikely. Analyst Jack Shang and others pointed out in the report that the specification of Model 3 on Tesla's website has not changed, and if the battery supply changes, the vehicle weight and mileage will be different. Citi's local contact in the United States confirmed with Tesla sales that the battery type had not changed. The details of the requirements of the US inflation reduction Act (IRA) remain uncertain, and it is not clear that the requirements for the production or assembly of electric car battery packs in North America should be calculated on a per-vehicle basis, suggesting that some Ningde-era batteries can still be used as long as Tesla ensures that the average percentage meets the requirements and is eligible for a full tax credit. (Bloomberg)