{"id":39903,"date":"2023-01-09T09:03:58","date_gmt":"2023-01-09T14:03:58","guid":{"rendered":"https:\/\/autosector.com\/?p=39903"},"modified":"2023-01-09T09:03:58","modified_gmt":"2023-01-09T14:03:58","slug":"tesla-battery-supplier-lg-invests-increased-production","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=39903","title":{"rendered":"Tesla Battery Supplier LG Energy Invests In Increased Production"},"content":{"rendered":"

\u00a0<\/p>\n

Posted on<\/span>\u00a0EVANNEX on January 08, 2023,\u00a0by<\/span>\u00a0Peter McGuthrie<\/p>\n

Demand for electric vehicle batteries has continued to skyrocket in recent months, as suppliers rush to sell batteries to Tesla<\/a> and other automakers amidst a growing market. In a recent announcement, one key\u00a0Tesla\u00a0battery supplier shared major investment plans to upgrade battery cell production at one of its factories.\u00a0<\/p>\n

\n\n\n\n
\"\"\/<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Above: A Tesla Model Y inside a store. (Image:\u00a0Tesla<\/a>)<\/em><\/p>\n

Korean battery manufacturer LG Energy Solution announced plans on Monday to invest KRW 4 trillion (~$3.1 billion) into a factory in Ochang, creating a \u201csmart factory\u201d for producing EV batteries, according to\u00a0Teslarati<\/em><\/a>. The investment will continue from now until 2026, and will oversee the development of an R&D program, production hardware, infrastructure, and seemingly even plans for volume production of the long-awaited 4680 battery cell.<\/p>\n

\u201cWe plan to set up a diversified product portfolio including pouch-type and cylindrical batteries to respond to customer needs in a timely manner and differentiate production capabilities based on a \u2018smart\u2019 factory,\u201d an LG Energy spokesperson said.<\/p>\n

The cylindrical, next-generation 4680 battery cells<\/a> have been in development for years now, and past reports seemed to suggest that LG would be producing the hardware at its Ochang plant. The recent statement echoed claims in February, in which LG said it was hoping to diversify its lineup of cylindrical batteries.<\/p>\n

Months later in June, LG announced an investment of KRW 580 billion (~$450 million) to add a 4680 assembly line at its second Ochang plant, featuring a production capacity of 9 GWh. Additionally, the announcement included LG\u2019s plans to increase the production of last-generation 2170 battery cells at its first Ochang plant by 4 GWh.<\/p>\n

South Korea has also reportedly been a candidate for Tesla\u2019s next Gigafactory in Asia. President Yoon Suk-Yeol said that Tesla plans to buy over $10 billion worth of components from the country in 2023, adding that the two are working to expand supply chain cooperation.<\/p>\n

\u201cIf Tesla, SpaceX or other companies are considering more investment in (South) Korea, including constructing a Gigafactory, the government will do our best to support the investment,\u201d President Yoon said in a statement to\u00a0Reuters<\/em>,\u00a0following a meeting with\u00a0Elon Musk<\/a>. \u201cWe are preparing a tailored approach to grant some advantages to these specified companies.\u201d<\/p>\n

<\/section>\n

LG should remain a crucial supplier for Tesla in the years to come, and South Korea is one of many countries requesting investments from the automaker. As Tesla has highlighted in the past, volume production of the 4680 battery cell is set to reduce costs and increase efficiency in its cars, and LG\u2019s shift to developing these at large is a major piece of the puzzle.<\/p>\n

Source:\u00a0Teslarati<\/em><\/a><\/p>\n

===<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Posted on\u00a0EVANNEX on January 08, 2023,\u00a0by\u00a0Peter McGuthrie Demand for electric vehicle batteries has continued to skyrocket in recent months, as suppliers rush to sell batteries to Tesla and other automakers amidst a growing market. In a recent announcement, one key\u00a0Tesla\u00a0battery supplier shared major investment plans to upgrade battery cell production at one of its […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/39903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39903"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/39903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39903"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}