empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account
Caricatures and drawings on Forex portal

Tesla partners with Asian firms to reduce battery costs

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Tesla partners with Asian firms to reduce battery costs

Tesla has delayed the launch of its futuristic and long-awaited Cybertruck due to some production problems. In an attempt to reduce costs, Tesla is now cooperating with Asian partners, looking for cheaper yet more powerful batteries. So, the electric vehicle maker has reportedly sought cooperation with China’s Ningbo Ronbay New Energy and Suzhou Dongshan Precision Manufacturing to trim material costs. If the automaker solves the production issue, then Elon Musk’s dream of building 20 million cars by 2030 will finally come true. In addition to this, Tesla has signed a deal with Korea’s L&F Co that will supply it with high-nickel cathodes. Besides, Korea’s LG Energy Solution and Japan’s Panasonic agreed to supply battery cells for Tesla’s Cybertruck. A shortage of batteries could stall the manufacturing process, Musk warned investors in early March. The new battery plays a key role in the launch of the stainless-steel Cybertruck, the company’s first new model in more than three years. Tesla has considered three battery options: smaller 2170 cells that are widely used in other Tesla models, 4680 cells, and less expensive lithium iron phosphate cells. The Tesla-designed 4680 battery cell is crucial to future production plans. Tesla intends to produce versions of this battery in Texas, California, Nevada, and Berlin for use in such models as Model Y and Cybertruck.

Back
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off