Report: Tesla will no longer use Panasonic batteries for its production in China

The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating profit, and an operating margin of over 19%. In terms of revenues, automotive ones for Tesla have increased by 87% YoY to $16.861 billion with automotive gross profit increasing by 132% YoY. The operating income improved to $3.6B in Q1, resulting in a 19.2% operating margin. In Q1 of...

21 April 2022

CATL's first plant outside of China received the 2nd partial approval for the commissioning of a new plant for battery cell production from the state of Thuringia, Germany, marking a significant milestone for CATL's global footprint expansion despite the pandemic. At the ceremony held in CATT at the Erfurter Kreuz industrial area, Anja Siegesmund, Thuringia's Minister of Environment, Energy and Nature Conservation...

6 April 2022

NHK reports that Panasonic plans to build a plant in the USA to build 4680 batteries for Tesla. According to the media's sources, the Japanese company ponders on buying land in Oklahoma or Kansas. The latest Tesla gigafactory is in Texas, which borders Oklahoma state. A week ago, Panasonic officially said that it will commence producing batteries for Tesla in two years in its Wakayama factory. There's no official...

4 March 2022

Panasonic today announced that its Energy Company will establish a production facility at its Wakayama Factory in western Japan to manufacture the 4680 lithium-ion battery cells for electric vehicles (EVs) in order to expand its business globally. To contribute to the rapid adoption of EVs, Panasonic has been working to enhance its line-up of automotive lithium-ion batteries. Currently, Panasonic is developing the...

28 February 2022

South Korean news agency Yonhap reports that during a press conference in South Korea for the LG Energy Solution IPO, the company's Vice Chairman Kwon Young-soo said that LG Energy Solution will overtake CATL even though its market capitalization is lower than the market's first. Let's see several figures. The current CATL market capitalization is 234 trillion won. LG Energy Solution plans to set its share price...

12 January 2022

Panasonic Energy of North America (PENA), a Division of Panasonic Corporation of North America, today announced plans to expand in Northern Nevada with a new campus in Reno that is anticipated to open in spring 2022. The 94,483 sq. ft. existing building at 645 East Plumb Lane managed by Industrial Realty Group, LLC (IRG) in Reno is being renovated to become PENA's division headquarters and will feature state-of...

22 December 2021

The zero-emission Audi Q4 e-tron has risen to the top amid a stellar field of all-electric finalists to earn the coveted honor as Green Car Journal's 2022 Green Car of the Year. It's joined by an exceptional field of winners in five additional Green Car Awards categories including the Lucid Air, Chevrolet Bolt EUV, Hyundai IONIQ 5, BrightDrop EV600, and Tesla Model S Plaid. All-electric vehicles, the environmental...

5 November 2021

CATL and Hyundai Mobis have signed a technology licensing and partnership agreement, according to which CATL will introduce and disclose its CTP (cell to pack) technology to MOBIS as well as support MOBIS in the supply of related CTP products not only in South Korea but also worldwide. Featuring highly efficient integration, CTP is a technology that directly integrates cells into packs without modules. By leveraging...

27 October 2021

CATL has introduced the first generation of its sodium-ion batteries. The final product is a result of many years of research and development to overcome several challenges that stood in front of the commercialization of such batteries. First, sodium ions are 2.4 times larger in volume than lithium ones and are large and slower to move. Second, sodium-ion cells have a lower energy density and are heavier compared to...

1 August 2021

At the LG Chem press conference earlier today, Chief Executive Officer Hak Cheol Shin, outlined the main strategy of the company for sustainable growth. He unveiled a declaration with three major fields of action: petrochemicals with a focus on eco-friendly materials; advanced materials with a focus on battery materials, separation membranes, cathode binders, anodes; pharmaceuticals. Over 30 projects including M&As...

14 July 2021

Tesla produced 206,421 and delivered 201,250 vehicles in Q2 of 2021. The number of Model 3 and Model Y units produced is 204,081 and the delivered - 199,360. The corresponding accumulative figures for the Model S and Model X are 2,340 and 1,890, respectively.

2 July 2021

According to SNE Research, CATL ranks first in the global EV battery market for the first five months of 2021. Its market share for January-May 2021 is 31.2% compared to 22% for January-May 2020. However, if we look at the GWh installed, the YoY growth reaches a staggering 272.1% from 7.4GWh in 2020 to 27.6GWh in 2021. LG Energy Solutions is second with 23.1% market share for January-May 2021 and a 166.7% growth in...

2 July 2021

The Tesla Model S Plaid has been officially presented at a delivery event in Fremont today which was ended with the first 25 deliveries of the new model. Several hundred units of Model S Plaid should be produced per week to reach 1000 units per week in Q3. The vehicle is priced at $130,000. There's a version without the tri-motor powertrain that costs $80,000 and has a longer range of 412 miles. Presented as the...

11 June 2021

Reuters reported that according to "four people with knowledge of the matter", Aplpe is in talks with CATL and BYD for supplying batteries for a future electric vehicle. These talks are in a very early stage and it remains largely uncertain whether any agreements will be reached. One of Apple's main condition is the future battery suppliers to create battery manufacturing facilities in the USA, according to two of...

9 June 2021