China will double the production of batteries for electric cars

China will double the production of batteries for electric cars

December 1, 2020 0 By autotimesnews

In China, the assembly of batteries for electric vehicles will be doubled.

LG Chem is set to more than double its battery manufacturing capacity in China to meet Tesla’s needs next year.

Tesla’s Shanghai-based facility is currently producing the Model 3 sedan, but the American automaker has already received permission from the Chinese authorities to assemble the Model Y crossover. Note that the Korean company’s batteries are being supplied to Tesla’s facility in the United States.

In addition, it is possible that in the future, Chinese-assembled LG Chem batteries will also be used at a plant under construction near Berlin. One of Tesla’s main suppliers is Panasonic, whose batteries are also used in electric cars assembled in Shanghai.

In addition, the American company has plans for its own production of batteries. This diversification is associated with plans for rapid expansion, since one source of batteries is not enough at all. Over the next two years, Tesla plans to bring Model Y production in China to 250,000 units per year. Electric cars will be offered not only in the PRC market, but also exported.