Contemporary Amperex Technology Co. Ltd. CATL is the largest EV battery producer in the world.

“It has been looking at plans to build future battery factories at a minimum of two locations in Mexico, which are both very near the Texas border. The company is also considering locations in the US. The battery maker has been checking out the locations and attempting to finalize negotiations and decisions to pave the way for a major announcement in the near future. CATL is considering building a battery factory in the US or Mexico to supply EV batteries for Tesla and Ford.”

https://insideevs.com/news/602248/china-catl-delays-us-battery-plant-news-pelosi-taiwan/ 

Tesla Extends Battery Supply Deal With CATL To December 2025

“We guess that CATL will continue to supply Tesla with LFP batteries - for the MIC Model 3 Standard Range Plus, probably soon also for the entry-level MIC Model Y, and maybe for an all-new, entry-level electric car. There is also a chance that CATL's LFP chemistry would be used in Tesla's new 4680 cylindrical cells.”

https://insideevs.com/news/516923/tesla-extends-supply-catl-2025/

Magnis Energy claims their C4V battery technology has a denser energy to weight ratio than a standard LFP battery. This should give them a competitive edge if it can break into this lucrative market. As an Australian owned company with a factory in the US, this should also be an advantage from a National Security perspective, particularly given the current political tensions between the US and China.