Tesla Inc is seeking Chinese government approval to build model 3 vehicles in the country equipped with lithium iron phosphate (LFP) batteries, a document on the website of the Ministry of Industry and Information Technology showed.
Reuters exclusively reported in February that Tesla is in advanced talks to use LFP batteries from CATL that contain no cobalt – one of the most expensive metals in electric vehicle (EV) batteries – in cars made at its China plant…
Korean website thelec.kr previously reported that on May 13 CATL announced that it will supply lithium iron phosphate batteries to Shanghai Tesla Giga Factory from the second half of the year.
On May 13, during an annual investors conference, CATL announced that it will supply lithium iron phosphate (LFP) batteries to Tesla’s Shanghai Gigafactory. This is the first tie CATL discloses in public any partnership with Tesla. CATL Chairman Cheung Yu-chin also said that cooperation with Tesla is not limited to its China operations.
Looking forward, with a rebound in monthly EV sales around the corner for China, and Tesla facing the possibility of lengthy shutdowns and market challenges in North America and Europe, we expect CATL will capture the lead from LG Chem in the near-term.
Moreover, in terms of cell chemistry deployments, we expect that CATL’s impending resurgence, coupled with rising deployment of LG Chem -made NCM 811 cells in China-made Tesla Model 3s, will push the market share of NCM 811 higher still.
Volvo says the updated Ghent factory will provide important lessons to the brand’s other manufacturing sites in terms of process optimization and efficiency. Volvo will source its batteries from CATL of China and South Korea’s LG Chem. The company’s first all-electric model was unveiled in October last year in the form of the XC40 Recharge. The SUV uses a pair of electric motors delivering a combined 402 hp and features a 78 kWh lithium-ion battery pack that provides more than 249 miles (400 km) of range on the WLTP cycle.
Earlier this year, the automaker revealed it will construct a battery assembly line at its U.S. plant outside Charleston, South Carolina, with work at the site set to kick off this fall. Volvo has also confirmed it will build battery-powered electric vehicles at a plant in Luqiao, China. This facility will also handle the production of select Polestar and Lynk & Co models that share Volvo’s CMA platform.
In 2019, over 59,000 tonnes of nickel were deployed globally in batteries of newly sold passenger battery electric vehicles (“BEVs”), plug-in hybrid electric vehicles (“PHEVs”) and hybrid electric vehicles (“HEVs”), an increase of 39% over the year prior, according to data from Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker (subscribe or schedule a live demonstration).
Panasonic led the pack in 2019 with a 51% global market share by nickel deployed (down from 56% in 2018), followed at a distance by CATL and LG Chem, with market shares of 15% and 12%, respectively. Rounding off the top five were BYD and Envision AESC with market shares of 7% and 3%, respectively.
By application, 60% of Panasonic’s nickel deployment in 2019 went into nickel-rich lithium-ion (“Li-ion”) cells used by Tesla BEVs, and 39% went into nickel-metal hydride (“NiMH”) cells and Li-ion cells used by Toyota-group HEVs. The remaining 1% was deployed in PHEVs.
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