Chinese battery cell manufacturer Gotion High-Tech has signed an agreement for the supply of LFP batteries and collaboration to explore the possibility of building a manufacturing plant in the U.S. with a big public American automaker. Gotion did not disclose the name of the customer, but there are speculations that it could be Tesla.
According to the terms of the agreement, LFP battery cell deliveries will take place between 2023 and 2028 and include a total volume of at least 200 GWh. Gotion will manufacture LFP batteries in China and export them to customer in the U.S. In addition, the partners also plan to localize the production and supply of LFP batteries in the U.S. and explore the possibility of a joint venture in the future. While the contract clearly calls for a joint venture, Gotion did not provide further details on it.
Due to trade secrets, Gotion does not disclose basic information about counterparties or products. However, the company said it will supply battery cells for use in electric vehicles and other products of the company. This further suggests that Tesla may be a partner, as, in addition to electric vehicles, it also produces energy storage systems.
Earlier, Tesla CEO Elon Musk said that all basic car models produced by the company will be built with LFP batteries. In addition, he made it clear that batteries with the same chemistry will be used in stationary energy storage systems. Of course, this requires a constant increase in battery supply, since the production capabilities of the company's factories are growing more and more every year. As the clear leader in this sector, Tesla is a highly valued customer for any company in the world.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.