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Tesla picks LGES, not CATL, for $4.3 billion storage battery deal
The deal also reduces Tesla’s reliance on Chinese suppliers. LGES will produce the LFP cells at its factory in Michigan, says Reuters, and so they will not be subject to the Trump trade war tariffs, unlike Chinese-made cells from CATL.
Here’s how it’s put in a press release published at TrendForce: ...
That’s a bold prediction considering that Tesla’s automotive business generated $5.353 billion last quarter and in comparison, Tesla Energy made about $400 million in revenue.
LG's battery business took a significant hit after Tesla canceled plans to buy its 4680 battery cells amid disappointing ...
While Tesla TSLA -1.8% EV business will be a big beneficiary of the transition to more sustainable transportation, the company’s often-overlooked energy business could also see considerable upside ...
Tesla's valuation is excessively high at 177x FWD P/E, relying on future tech dreams rather than current fundamentals. See ...
Tesla Inc.’s (NASDAQ:TSLA) new $4.3 billion battery agreement with South Korea’s LG Energy Solution is a sweeping gesture ...
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Why Tesla Energy will revolutionize green energyDue to the high demand for green energy all around the world, energy companies have had to implement the most innovative ...
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BYD, China's top EV manufacturer (which also makes its own batteries), made waves this year when it announced vehicles that ...
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