From Top Electric.

LG Energy Solutions, a leading South Korean battery manufacturer, has secured a multi-billion dollar deal to supply advanced lithium-ion phosphate (LFP) batteries, reportedly to Tesla. This landmark contract, initially kept under wraps, marks a strategic shift for Tesla, which opted for LG’s cutting-edge batteries over its prior tentative agreement with CATL. LG’s new LFP batteries boast an impressive energy density of approximately 230 watt-hours per kilogram, offering up to 20% more range than competitors ’ LFP batteries. This is achieved through innovative precursor-free cathode technology, which reduces production costs and environmental impact while enhancing efficiency and cold-weather performance. Additionally, LG has integrated mid-nickel cathodes (50-70% nickel) into these LFP batteries, boosting energy density by 50%compared to standard LFP batteries while remaining 10% cheaper than high-nickel alternatives. This hybrid approach leverages the declining cost of nickel, making it a cost-effective yet high-performance solution. Tesla’s decision to source these batteries from LG’s U.S. facilities, including a new Michigan factory producing 16.5 gigawatt-hours annually, aligns with efforts to localize its supply chain and avoid tariffs. This deal positions Tesla to maintain its competitive edge in the EV market, offering vehicles with superior range and efficiency. LG’s advancements could set a new standard for EV batteries, potentially influencing the broader industry as demand for cost-effective, high-performance solutions grows.

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