LG Chem Chosen as Sole Battery Supplier for Tesla’s Model Y SUV

LG Chem has been chosen as the sole battery supplier for Tesla’s Model Y to be mass-produced in China in early 2021.

Model Y is a fully electric, mid-size SUV, with seating for up to seven. It is the second model Tesla produces at its Giga Factory in Shanghai, China, following Model 3.

Tesla adopted cylindrical nickel, cobalt and manganese (NCM) batteries for the new SUV model. The global electric vehicle giant chose LG Chem as the battery supplier, excluding China’s CATL and Japan's Panasonic.

LG Chem's lead over CATL in the global market is expected to continue for the time being as it supplies batteries for Tesla's flagship model in China.