If you need to know about batteries; you’ve come to the right place
Chinese flag点击这里访问我们的中文网站Chinese flag

Tesla side steps long-term lithium-ion cell supplier to partner with LG Chem and CATL for its Gigafactory 3

Fri, 01/31/2020 - 10:34 -- paul Crompton

Vehicle and energy storage firm Tesla has entered into a partnership with South Korea’s LG Chem and China’s CATL as it looks to secure a lithium-ion battery supply for its electric cars at its Gigafactory 3 plant in Shanghai.

*UPDATE* CATL confirmed in a stock exchange filing on Monday, 3 February, it had signed a two-year battery supply agreement with Tesla, with the US firm determining the battery purchase volume. The deal starts this July and closes June 2022.

Rumours that Tesla would move from its exclusive cell supplier Panasonic to meet demand at the China Gigafactory 3 first surfaced last August.

Tesla, which has a long-standing battery supply agreement with Japan’s Panasonic, said its deal with LG Chem and CATL was at a smaller scale, according to media outlet Reuters.

As far back as 2017, BEST reported the Powerpacks Tesla was providing for its record-breaking South Australia battery project would be built in its US Gigafactory using lithium-ion cells from Samsung SDI.

Useful? Please pass it on to your friends and colleagues using the 'share' buttons above.
If you are not a subscriber to BEST Battery Briefing, our FREE weekly industry newsletter, sign-up to get it delivered to your inbox every Monday.