"LG Targets New Battery Supply for Tesla in 2023... Production in US and Europe (Comprehensive)"

Foreign Media Reports Refuse to Mention LG Energy Solution
Battery Industry Says "Low Feasibility"

[Image source=Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] Reports have emerged that LG Energy Solution is developing advanced batteries aimed at supplying Tesla.

On the 9th (local time), a major foreign media outlet cited two sources and reported that the company is considering production sites in the US or Europe.

LG recently mentioned at a press conference that it is planning to expand its factory in the US, including cylindrical batteries in addition to pouch batteries for electric vehicles and energy storage systems (ESS).

Regarding this, a source explained that although LG did not specify the supplier at the time, the plan is intended with Tesla in mind. Currently, LG Chem supplies batteries for Tesla Model 3 and Model Y vehicles produced at Tesla's Shanghai factory.

One source stated, "LG plans to produce 4680 cells at its new US factory and will build a battery factory in Spain targeting Tesla's Berlin Gigafactory." However, it is reported that LG and Tesla have not yet agreed on supplying 4680 cells.

The 4680 cell is the next-generation battery announced last year by Tesla CEO Elon Musk at Battery Day. Musk mentioned that the 4680 battery would be mass-produced at the Berlin Gigafactory starting this year.

LG Energy Solution declined to comment on these reports. However, the battery industry views the likelihood of this happening as quite low. The 4680 is a newly developed type just entering development, and Panasonic, which has collaborated with Tesla for a long time, officially stated that it began development immediately after Tesla's Battery Day last September.

This content was produced with the assistance of AI translation services.