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Cornerstone Blog LG Chem to double China battery capacity to meet Tesla demand – sources

LG Chem to double China battery capacity to meet Tesla demand – sources

December 8, 2020 by Cornerstone International Group Leave a Comment

The firm, a supplier for Tesla’s Shanghai-built Model 3,

will also ship its increased output from China as well as Korea to Tesla’s factories in Germany and the United States,

said two people with knowledge of the matter,

signaling an increased role in the supply chain of the world’s leading EV manufacturer.

The plan comes as Tesla, LG Chem’s primary customer,

scrambles to secure cells as part of an aggressive global production expansion plan,

as it targets soaring demand fanned by governments promoting EVs to curb air pollution.

Read the full article here…

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Filed Under: Cornerstone Blog Tagged With: #batterycapacity

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