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capacity","tesla-supplier-lges-to-build-4680-battery-production-capacity","article/tesla-supplier-lges-to-build-4680-battery-production-capacity",{"_uid":547,"date":548,"tags":549,"editor":553,"content":563,"excerpt":638,"featured":51,"reporter":639,"_editable":643,"component":644,"seo_title":543,"categories":645,"visibility":652,"author_company":49,"featured_image":653,"seo_description":638,"author_full_name":49,"author_job_title":49,"formattedDate":658,"formattedArticleDate":659},"ff101145-2f66-48e1-9784-7163839b3d69","2022-06-15 00:00",[550],{"slug":551,"name":552},"tesla","Tesla",[554],{"slug":555,"name":556,"content":557},"didi-bostock","Didi Bostock",{"job_title":558,"image":559,"bio":561,"linkedin":562},"Editor - Energy Transition & Economics",{"filename":560},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":564,"content":565},"doc",[566,573,578,583,588,593,598,603,608,623,628,633],{"type":567,"attrs":568,"content":569},"paragraph",{"textAlign":49},[570],{"text":571,"type":572},"LG Energy Solution said this week it would spend $451 million to expand its production of larger format cylindrical cells used by Tesla. ","text",{"type":567,"attrs":574,"content":575},{"textAlign":49},[576],{"text":577,"type":572},"The South Korean battery producer said it would add 9 gigawatt-hours of capacity to its Ochang plant to produce 4680 lithium ion cells.",{"type":567,"attrs":579,"content":580},{"textAlign":49},[581],{"text":582,"type":572},"The expansion could cement LG’s supply relationship with Tesla, and help it catch up to Panasonic, which is also building capacity to produce the cells. The cell format is becoming increasingly popular with battery producers as it becomes clear Tesla’s own internal production is unlikely to be enough to meet its forecast demand. ",{"type":567,"attrs":584,"content":585},{"textAlign":49},[586],{"text":587,"type":572},"China’s EVE Energy has said it is working on similar-sized cells, while the UK’s Britishvolt is also eyeing a move to produce the same format. ",{"type":567,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":572},"Tesla is producing 4680 cells at its Kato road facility in California and at its gigafactory in Texas but progress has been slower than first anticipated. In February Tesla said it had produced one million cells. The cells are being installed in some Model Y midsize SUV produced in Texas.  ",{"type":567,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":572},"The 4680 battery cell format, so named for being 46 mm wide and 80 mm tall, boasts around five times the energy of the smaller 2170 cell format. Tesla said at its Battery Day event in 2020 that they would increase the range of its vehicles by 16%. ",{"type":567,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":572},"“LGES is likely trying to introduce production lines focused on the cell type to possibly supply Tesla,” Hanisha Tirumalasetty, an analyst at Benchmark, said. LGES already supplies Tesla with 2170 cells using NCM battery chemistries. However, a deal to supply 4680 cells to Tesla has not been formally announced.",{"type":567,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":572},"Kwon Young-soo, the Vice Chairman of LGES, said the expansion was in response to global automakers increasingly adopting cylindrical batteries, without naming Tesla.",{"type":567,"attrs":609,"content":610},{"textAlign":49},[611,613,621],{"text":612,"type":572},"The news follows ",{"text":614,"type":572,"marks":615},"LGES’ recent expansion into North America",[616],{"type":617,"attrs":618},"link",{"href":619,"uuid":49,"anchor":49,"target":49,"linktype":620},"https://source.benchmarkminerals.com/article/lges-expands-north-america-footprint-with-canada-and-arizona-gigafactories","url",{"text":622,"type":572},", with an 11 GWh plant in Arizona which also produces the cylindrical cells required by North American automakers such as Tesla and Lucid.",{"type":567,"attrs":624,"content":625},{"textAlign":49},[626],{"text":627,"type":572},"LGES said it would spend $451 million for the 9 GWh upgrade to the Ochang Plant 2 to produce 4680 battery cells, and $115 million for a 4 GWh upgrade to Ochang Plant 1 to produce 2170 battery cells. ",{"type":567,"attrs":629,"content":630},{"textAlign":49},[631],{"text":632,"type":572},"Both projects are due to be operational in the second half of 2023.",{"type":567,"attrs":634,"content":635},{"textAlign":49},[636],{"text":637,"type":572},"Panasonic, Tesla’s main battery partner, began pilot production of 4680 battery cells at its Wakayama factory in Japan in May, and has sent samples to Tesla for testing, according to a report by Reuters. The company plans to commercialise the format in 2023, it said in a financial forecast presentation in June this year. ","LG Energy Solution said this week it would spend $451 million to expand its production of larger format cylindrical cells used by Tesla. The South Korean battery producer said it would add 9 gigawatt-hours of capacity to its Ochang plant to produce 4680 lithium ion cells. The expansion could cement LG’s supply relationship with Tesla, […]",[640],{"slug":555,"name":556,"content":641},{"job_title":558,"image":642,"bio":561,"linkedin":562},{"filename":560},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"ff101145-2f66-48e1-9784-7163839b3d69\", \"id\": \"\"}-->","article",[646,649],{"slug":647,"name":648},"batteries","Batteries",{"slug":650,"name":651},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":654,"name":654,"focus":654,"title":654,"source":654,"filename":655,"copyright":654,"fieldtype":656,"meta_data":657,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/778eb402b2/bm-shutterstock-21325412231.jpg","asset",{"alt":654,"title":654,"source":654,"copyright":654},"Jun 15, 2022","15th June 2022",[],[],1784220839360]