Tesla plans to buy batteries from LG

Tesla plans to buy batteries from LG

August 27, 2019 0 By autotimesnews

At the moment, Tesla is in talks with the Korean company LG. We are talking about the supply of batteries for electric cars, which will be produced in Shanghai.

But while the battery supplier for Tesla is the Japanese company Panasonic, which was directly involved in the construction of a plant in Nevada.

Recently, information has begun to flow on the Internet that relations between the two large partners are beginning to gradually deteriorate, and therefore the American company is starting to negotiate with other suppliers. In January this year, the Japanese giant signed a contract with Toyota, and a little later the company froze absolutely all investments in the Gigafactory plant. Then the company achieved results that it will be possible to ensure the production of 500 thousand Model 3 per year, as well as Powerwall stations – much more than Tesla itself can provide. The head of Tesla, Elon Musk, said that the real growth rate is only 24 GWh / year, and this will not be enough for maintenance, while Panasonic argued that the company is developing a figure of 35 GWh / year.

In June of this year, the world became aware of the news that Tesla secretly develops its own batteries from everyone. Information that the concern has its own secret laboratory engaged in the study and creation of lithium-ion batteries (these are some of the best batteries at the moment), as well as special equipment that will allow these batteries to be produced in colossal volumes. The media learned about this from former employees of the company, he and current ones also confirmed this.

Already reported that LG Chem agreed to supply batteries for the Tesla factory in China. These batteries are planned to be released at LG’s own factory.

 Another alternative partner could be the Chinese company CATL, which ranks second in terms of the number of batteries produced in 2018 (the first is the union of Tesla and Panasonic). LG Chem is also a major partner, but significantly inferior to CATL.