Tesla Has Access to All the Battery Cells it Needs, VP of Investor Relations States

by Eva Fox September 12, 2022

Tesla Has Access to All the Battery Cells it Needs, VP of Investor Relations States

Tesla has overcome the shortage of battery cells for the production of cars and energy storage systems. At the moment, the company has access to all the battery cells it needs, Martin Viecha stated.

Access to enough battery cells is one of the main barriers to the growth of electric vehicles on the road. Tesla, as the world's largest manufacturer of electric vehicles, also faced this problem. In an effort to solve this challenge, the company entered into partnerships with several battery manufacturers and also began its own production. After years of struggling to get enough batteries, Tesla was finally able to solve this problem.

Martin Viecha, the vice president of investor relations at Tesla, said Monday during a presentation at the Goldman Sachs tech conference in San Francisco, that for the first time in history, the manufacturer has access to all the battery cells it needs, according to Business Insider (via @SawyerMerritt/ Twitter). According to Viecha, Tesla uses about 90% of its battery-cell supply for its electric vehicles and roughly 10% for its energy-storage products.

“For the first time I can remember, we can access all the supply we need for both businesses,” he said.

Viecha explained that this was made possible by the fact that in recent years Tesla has expanded the number of its suppliers, including Panasonic, CATL, and LG Chem. All of these companies are ramping up capacity “super fast,” which is providing enough battery cells. In addition, he said that Tesla will add even more suppliers in the future.

© 2022, Eva Fox | Tesmanian. All rights reserved.

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Article edited by @SmokeyShorts; follow him on Twitter








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