CnEVPost CnEVPost
  • NIO
  • XPeng
  • Li Auto
  • BYD
  • Tesla
  • Newsletter
  • NIO
  • XPeng
  • Li Auto
  • BYD
  • Tesla
  • Newsletter

Home » Tesla

BREAKING: Tesla reportedly booked batteries from CATL enough to produce nearly 800k vehicles

Phate Zhang/CnEVPost Oct 29, 2021 12:58 GMT+8

In terms of battery capacity, Tesla's 2022 sales will be at least 1.5 million units, local media reported.

BREAKING: Tesla reportedly booked batteries from CATL enough to produce nearly 800k vehicles-CnEVPost

(Image credit: CnEVPost)

Tesla has booked 45 GWh of lithium iron phosphate (LFP) batteries from Chinese power cell giant CATL for next year's sales plan, primarily for the Model 3 and Model Y vehicles, 36kr reported today.

Join Us On Telegram

Both the Model 3 and Model Y with LFP batteries are currently available in standard range versions, with the former having a 55-kWh battery capacity and the latter 60 kWh. This means the 45GWh battery order would correspond to nearly 800,000 vehicles, the report said.

This exceeds Tesla's total global sales of 627,350 vehicles in the first three quarters of the year combined. In the first three quarters, Model 3 and Model Y sales totaled 614,165 units.

Tesla's Nevada battery plant will also expand to produce more than 40 GWh in 2022, and with supplies from Panasonic and LG Chem, Tesla's 2022 sales will be at least 1.5 million units, the report said, citing industry sources.

In addition to booking 45 GWh of batteries from CATL, Tesla plans to add to existing orders, and the two sides are already in talks, the report said, citing people familiar with the matter.

CATL would not comment, the report said.

Tesla's earnings report last week showed it posted record revenue of $13.757 billion in the third quarter, up 57 percent from a year earlier and above the $13.63 billion expected by analysts according to Refinitiv.

It was also the fourth consecutive quarter that Tesla's revenue exceeded $10 billion.

Tesla expects to deliver nearly 900,000 vehicles for the full year of 2021, with its goal of increasing deliveries by more than 50 percent from last year's nearly 500,000.

The company said at the time that for standard range vehicles, Tesla is moving to LFP batteries globally.

The move is expected to further increase the installed base of LFP batteries.

Data released earlier this month by the China Automotive Battery Innovation Alliance showed that LFP battery installations in China have continued to grow in the past two months after surpassing ternary batteries for the first time this year in July.

According to the data, China's power battery installed base in September was 15.7 GWh, up 138.6 percent year-on-year and 25 percent from August.

Among them, ternary batteries installed a total of 6.1GWh, up 45.6 percent year-on-year, and up 15 percent from August.

However, LFP battery installation volume increased even more, with 9.5GWh installed in September, up 309.3 percent year-on-year and 32.3 percent compared with August.

CnEVPost Daily Newsletter

Share this article:

  • Tweet
  • WhatsApp
  • Telegram
  • Email
  • Pocket
  • More
  • Share on Tumblr
  • Print
Phate Zhang/CnEVPost
Phate is the founder and main author of CnEVPost. He has been reporting since 2009, mainly on macroeconomics and capital markets. Contact via: [email protected]
Popular Posts
NIO responds to vehicle crash that killed two testers
2022-06-23 20:50:51
NIO model that crashed was ET7, wrong gear by driver led to tragedy, reports say
2022-06-23 20:03:57
EV stocks continue rally in Hong Kong, XPeng up 10%, NIO up 2%
2022-06-24 11:20:21
South Korean fund cuts Tesla holdings, favors Chinese EV makers including BYD and XPeng
2022-06-24 16:40:32
Lotus' first EV model, Eletre, to be powered by CATL's Qilin Battery
2022-06-24 20:58:13
Recent Posts
  • Avatr strengthens ties with Huawei, first model Avatr 11 to launch on August 8 Jun 25, 2022
  • CATL working on condensed matter batteries, chairman says Jun 25, 2022
  • Gotion to build facility in Argentina capable of producing up to 60,000 tons of lithium carbonate per year Jun 24, 2022
  • Lotus' first EV model, Eletre, to be powered by CATL's Qilin Battery Jun 24, 2022
  • Li Auto says Li L9 gets over 30,000 orders 72 hours after launch Jun 24, 2022
  • Home
  • About
  • Contact Us
  • Support Us
  • Privacy
  • Newsletter
Copyright © 2022 CnEVPost. Designed by CnEVPost.