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HomeTechnology peripheralsIt IndustryTesla boasts: 4680 battery cost will exceed that of suppliers by the end of the year

News on April 25, 2022, Tesla announced in its latest financial report that it expects that its self-produced 4680 batteries will achieve cost optimization before the end of this year, thereby surpassing batteries purchased from suppliers in price. This progress marks a major breakthrough for Tesla in the field of battery manufacturing and also heralds a new cost competition landscape for the electric vehicle industry.

Tesla boasts: 4680 battery cost will exceed that of suppliers by the end of the year

As a new battery format independently developed by Tesla, the 4680 battery has attracted much attention since its debut in 2020. It adopts new technologies such as electrodeless ears, which not only promises to significantly reduce costs and significantly increase cruising range, but also has faster charging speeds. Tesla has never produced batteries, so the bet means it will need to challenge battery manufacturing giants such as LG, Panasonic and CATL.

Tesla boasts: 4680 battery cost will exceed that of suppliers by the end of the year

Tesla stated that although they are actively promoting independent battery production, they will not give up cooperation with existing suppliers. Tesla will continue to purchase large quantities of batteries from these suppliers to meet the needs of different models. This strategy not only ensures the stability of Tesla's battery supply, but also provides valuable experience and technical support for its independent battery production.

The progress of Tesla’s 4680 battery project has attracted attention many times. Reports indicate that the project has encountered challenges in terms of capacity ramp-up and cost control. However, with the release of Tesla's latest earnings report, these concerns appear to have been alleviated. Lars Moravy, Tesla's vice president of vehicle engineering, said that the production of 4680 batteries has achieved significant growth and is enough to meet the needs of models such as Cybertruck. At the same time, with the accelerated expansion of the production line and the improvement of the yield rate, Tesla is confident to further reduce the manufacturing cost of batteries.

In addition to revealing an exciting news: Tesla believes that its self-produced 4680 batteries will beat the supplier's nickel-based batteries in cost before the end of this year. This means that Tesla's competitiveness in the battery manufacturing field will be further enhanced, laying a solid foundation for the company's future development.

Tesla currently only has 4680 batteries used in the Cybertruck pickup truck. With the continuous advancement of technology and the continuous optimization of costs, Tesla is expected to apply this advanced battery technology to more models in the future, further enhancing the competitiveness of its electric vehicle products. Tesla has always been committed to promoting the competitiveness of the electric vehicle industry.

It is generally believed that Tesla’s 4680 battery project is not progressing smoothly, but Tesla’s efforts and achievements in the field of battery manufacturing cannot be ignored. If Tesla can successfully achieve large-scale battery production and reduce costs in the next few years, its position in the electric vehicle market will be further consolidated and it will have a profound impact on the entire industry.

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