While Tesla is certainly leading the way in increasing the global battery production capacity with its 150 GWh ‘Gigafactory’ in Nevada, some established battery manufacturers are also increasing their capacity. Now Samsung SDI announced its own large battery factory in Hungary. expand full story
A new research report from Lux Research looked into the projected growth of the battery sector for electric vehicles (BEVs and PHEVs) and concluded that the market will rise to $10 Billion in 2020 with six large carmakers led by Tesla accounting for 90% of the demand. expand full story
Now prompted by a Reuters report yesterday citing Samsung SDI sources claiming that they are in negotiation with Tesla to supply batteries for its cars, Elon Musk has confirmed that Panasonic will be exclusively supplying cells for the Model 3, S and X. expand full story
While Panasonic has been Tesla’s longtime partner for battery cell supply, the automaker confirmed last year that for the first time it approved a cell from another manufacturer, LG Chem, but only for a small contract for its Roadster 3.0 upgrade. Now we learn that Tesla started taking delivery of much larger quantities of battery cells from yet another supplier: Samsung SDI. expand full story
Tesla often said that the Model 3’s $35,000 price tag was dependent on the company achieving its battery cost reduction goals at the Gigafactory. Recently, Tesla officials said that the Gigafactory should no longer be seen as a constraint in the Model 3 supply chain and that the company is confident in its capacity to start producing battery cells.
The factory was first presented as having a full annual output capacity of 35 GWh of battery cells and 50 GWh of battery packs – with the difference in cells being imported from other manufacturers, like Tesla’s Gigafactory partner Panasonic, but also other possible cells suppliers.
Now it looks like Tesla is looking to South Korea to diversify its battery cell supply chain for the Model 3. expand full story
Samsung has acquired the battery pack business of leading automotive parts supplier Magna International. The move, according to a statement from the companies, will “enhance Samsung SDI’s capabilities in batteries for electric vehicles.”
While Samsung producing batteries and energy storage solutions for vehicles isn’t exactly new—it already supplies batteries for Tesla and others—there is an Apple Car connection in its latest acquisition…expand full story