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Tesla Taps Chinese and Korean Suppliers to Boost New Battery Performance and Production
Tesla is recruiting Chinese and Korean materials suppliers to develop cheaper and better batteries. This move comes as the electric-vehicle maker seeks to enhance the energy and reduce the cost of its latest battery cells.
The company has engaged Suzhou Dongshan Precision Manufacturing and Ningbo Ronbay New Energy from China to lower materials costs as it ramps up the production of 4680 battery cells in the United States. The details of these arrangements have not been disclosed to the public.
Tesla has signed a deal with Korea’s L&F Co to supply high-nickel cathodes that could increase the energy density of its 4680 cells. The automaker intends to add its own output with 4680 cells from LG Energy Solution and Japan’s Panasonic to secure future electric vehicle production. LG and Panasonic are expected to supply cells for the Cybertruck.
According to sources, Tesla had considered three battery options to ensure the launch of its new Cybertruck is not delayed: smaller 2170 cells used in other Tesla models, 4680 cells, and less-expensive lithium iron phosphate cells.
