Introduction to Battery Production Plans
Panasonic and LG energy will each start making 4680 batteries in different factories for Tesla starting around August 2024.
LG Energy Solution’s Production Capacity Targets
The LG Ochang plant should have a combined 35 gigawatt-hour battery production capacity by 2025. LG Energy Solution had planned to secure a 200 gigawatt-hour production capacity in North America, Europe and Asia combined by the end of 2022 and 520 gigawatt-hour capacity by 2025. LG produced just over 100 GWh of batteries in 2023 but LG has more underused capacity.
Expansion of LG’s Production in the U.S.
The capacity of the LG US plant was increased to 36 GWh annually last year.
Panasonic’s New Factory and Production Plans
Panasonic has a new factory of 2170-type cells for EVs in De Soto, Kansas. The plant is a $4 billion project with an initial output of 30 GWh/year. Panasonic said it planned to begin production between April and September 2024. Panasonic will produce a new and improved version of the 2170 cells used in Tesla Model 3 and Model Y at the plant in Nevada that it operates with Tesla sometime during 2024 or 2025.
Panasonic’s Future Manufacturing Developments
Panasonic will soon start another US battery manufacturing plant. Panasonic plans to raise its production capacity to 200 GWh by 2030 from its current limit of 50 GWh.
Samsung and SK On’s Entry into Battery Production
Samsung is building a production line with an initial capacity of 1GWh per year.
SK On is likely starting the development of 4680 batteries.
Additional Information
About the Author
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.