LG Energy Solutions wants to be constructing battery cells for Tesla in 2023 through a newly-created factory in the U.S. or even Europe.
The South Korean company already provides its own batteries to Tesla to the Chinese market but is eager to expand outside this 1 market. LG lately told Korean reporters it wants to build a U.S. factory to produce battery cells for EVs and electricity storage systems with expects that Tesla will be among its customers.
Back in September 2020, Elon Musk introduced the brand new 4680 large-format cylindrical cells the electric car maker intends to utilize in its future models. The automaker would like to manufacture these cells at plants in Texas and Germany as it seems to reduce production costs, enhance battery performance and increase driving range.
LG has begun to make its samples of their 4680 cells but does confront technological challenges and challenges in scaling up production. The Korean company has not yet procured a distribution contract with Tesla to create the 4680 cells Musk did lately affirm Tesla is in talks with battery suppliers to develop the brand new batteries.
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“LG plans to produce 4680 cells at its brand new U.S. factory. They plan to build a fresh 4680 cell line to supply Tesla’s Giga Berlin in Europe,” a resource advised Reuters.
Panasonic, yet another battery supplier of Tesla, also plans to begin a test lineup for 4680 cells in Japan later this season.
Does LG currently supply Tesla with its own batteries in China but additionally, it has a $2.3 billion joint venture with General Motors in Lordstown, Ohio to shoot pouch-type electric vehicle batteries at a brand new plant. GM and LG are said to be contemplating establishing another battery factory in the U.S.
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