Tesla Inc (NASDAQ: TSLA) battery provider LG Power Options — a unit of LG Chem, is in discussions to make the automaker’s newest superior battery in the USA and Europe, Reuters reported Tuesday.
What Occurred: The South Korean firm is reportedly setting its sight on constructing the 4680 cells in 2023 and has potential manufacturing websites into consideration within the respective areas.
“LG plans to supply 4680 cells at its new U.S. manufacturing facility. They plan to construct a brand new 4680 cell line to produce Tesla’s Giga Berlin in Europe,” an individual acquainted with the matter instructed Reuters. The supply mentioned Spain possibly the situation for one of many crops.
There isn’t a readability but on what function LG will play within the manufacturing of those batteries for the Elon Musk-led firm.
Why It Issues: LG Power has made samples of the big format cylindrical cells but it surely