Tesla (TSLA) and Ford (F) to produce LFP batteries in the US using Chinese gear, The Information reports
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Tesla (TSLA) and Ford (F) to produce LFP batteries in the US using Chinese gear, The Information reports
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- LGES to start 50 GWH annual LFP battery production in the US by year end; to produce USD 4.3bln LFP batteries for Tesla in Michigan.
Context
Tesla and Ford venturing into LFP battery production with Chinese equipment carries significant implications for the EV sector. This move, facilitated by LG Energy Solution, could position them to scale production rapidly, enhancing competitive dynamics in the US while highlighting dependencies on Chinese technology. Watch for potential supply chain impacts and price reactions within the sector, especially with ongoing shifts in EV demand and regulatory pressures.
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