（Cover image source: CGTN）
According to Reuters, LG plans to produce Tesla’s 4680 batteries in 2023 and is considering investing in factories in Europe or the United States. However, Tesla has not yet agreed to expand LG’s supply beyond China.
In September last year, Ma Yilong announced a new plan for the development of 4680 batteries, forcing LG and Panasonic to accept the new plan or lose this valuable long-term customer.
“LG plans to build a new 4680 production line in its new US factory to supply Tesla’s Giga Berlin in Europe,” sources said. Spain is one of the candidate countries for the European factory.
LG has not commented on the above content. Currently, LG has a joint venture with GM in Lordstown, Ohio, worth $2.3 billion, providing batteries for GM. Lucid Motors has also signed a multi-year supply agreement with LG.
However, recent news about LG has been unfavorable. Major competitor Panasonic plans to launch a 4680 battery test line in early April. SK, also a Korean company, has submitted a ruling to the US government to overturn LG’s favorable policies. Lucid Motors itself is also very interested in battery manufacturing.🔗Source: REUTERS , CGTN
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.