Tesla Could Be Behind a Big Deal to Produce LFP Batteries in The United States

Together with Chinese manufacturer Gotion High-Tech, Tesla could reach a historic battery manufacturing agreement.

The paradigm shift in the automotive sector is causing one of the most precious elements to be battery cells, a fundamental component for electric vehicles and which are really scarce since there are very few companies that manufacture this component.

To alleviate this situation, many automotive manufacturers are reaching important agreements with battery cell manufacturers to ensure supply for the coming years, in turn, other manufacturers also choose to be the ones who will manufacture their own batteries and not depend on 100% from an external provider.

Tesla is being one of the most pro-active in this matter since it is aware that the demand for its cars does not stop growing and not having enough stock of battery cells could represent a bottleneck in the manufacture of vehicles and as a consequence not be able to deliver more units to your customers.

Recall that Tesla is currently in such demand that practically everything that leaves its factories is already sold and it is in a continuous struggle to keep its production capacity increasing month after month.

The latest rumor circulating on the internet is that Tesla could be behind an important agreement with the manufacturer Gotion High-Tech (manufacturer of LFP-type battery cells) to guarantee a supply of about 200 GWh of LFP battery cells between 2023 and 2028.

In turn, said the manufacturer would set up a factory in the United States, which would cause a great competitive advantage for Tesla by having said factory much closer.

Tesla has already announced that all its standard autonomy models, that is, the access range, mount or will mount LFP batteries in the future, are cheaper but also very efficient batteries.

Going Hight-Tech was the one that announced an important agreement with a major car manufacturer in the United States to supply this type of battery in the coming years, and although it did not provide the name of the manufacturer, all eyes point to Tesla being the company in question.

The agreement also names the option of setting up a joint factory in the United States to manufacture LFP battery cells, the following can be read:

‘Joint venture to build a factory: The two sides will conduct friendly consultations on the establishment of joint ventures or other cooperative efforts. Jointly explore the possibility of establishing a joint venture. In addition to the joint venture to build battery production bases, the scope of joint ventures. The scope may cover investments in the upstream battery and materials recycling industries. “

There is no doubt that this move and agreement would provide an important future guarantee for Tesla.

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