LG Chem, Tesla tie-up could jolt Panasonic

[Ktowntslafan]

Electric-car batteries: LG Chem, Tesla tie-up could jolt Panasonic- Nikkei Asian Review

 

[LetsGoFast]

Interesting that they don't have a quote from either company.

 

[Bangor Bob]

No sources at all?

< grumbles about state of "journalism" go here >

 

[Ktowntslafan]

Electric-car batteries: LG Chem, Tesla tie-up could jolt Panasonic- Nikkei Asian Review

Certainly not wanting to spread false propaganda...if someone is in the know, please chime in...

 

[stopcrazypp]

There were rumors of a Samsung tie-up too last year, but nothing came of that:
http://www.koreatimes.co.kr/www/news/tech/2015/02/133_173217.html

In general, it's not impossible for them to source similar cells, but suspect it'll be mainly to fill gaps while the Gigafactory is still building. Unless LG Chem also invests in the Gigafactory, Panasonic will still be the primary player.

 

[Cosmacelf]

Yeah, nothing seemed to come of the Samsung deal/rumor...

 

[Ktowntslafan]

There were rumors of a Samsung tie-up too last year, but nothing came of that:
http://www.koreatimes.co.kr/www/news/tech/2015/02/133_173217.html

In general, it's not impossible for them to source similar cells, but suspect it'll be mainly to fill gaps while the Gigafactory is still building. Unless LG Chem also invests in the Gigafactory, Panasonic will still be the primary player.

Any chance this is start of Gigafactory 2?

 

[MikeC]

There were rumors of a Samsung tie-up too last year, but nothing came of that:
http://www.koreatimes.co.kr/www/news/tech/2015/02/133_173217.html

In general, it's not impossible for them to source similar cells, but suspect it'll be mainly to fill gaps while the Gigafactory is still building. Unless LG Chem also invests in the Gigafactory, Panasonic will still be the primary player.

Yeah, nothing seemed to come of the Samsung deal/rumor...

I think they are using Samsung cells: http://www.koreatimes.co.kr/www/news/tech/2015/02/133_173217.html

They just need even more. It's funny, a bear argument is that "LG is going to supply all the other automakers once the demand for EVs materializes". But Tesla can guarantee much larger volumes for LG, so why wouldn't LG sell to the biggest player? This squeezes the cell supply for everyone else even more.

 

[Ktowntslafan]

Barron's

Koreas LG Chem To Tie-Up With Tesla As Volkswagen Scandal Fuels Electric Cars - Asia Stocks to Watch - Barrons.com

- - - Updated - - -

This squeezes the cell supply for everyone else even more.

Bingo

 

[Bangor Bob]

Koreas LG Chem To Tie-Up With Tesla As Volkswagen Scandal Fuels Electric Cars - Asia Stocks to Watch - Barrons.com

Which cites the Nikkei article, which has no sources.

 

[Ktowntslafan]

Which cites the Nikkei article, which has no sources.

OK...but Barron's has a reputation to uphold...I'm feeling a bit more comfortable with the article...

 

[Ktowntslafan]

Tesla Gets Boost From Korean Battery Maker LG Chem - NASDAQ.com

 

[Grendal]

Just the outside possibility of this should cause a pop in the stock tomorrow.

 

[FredTMC]

Just the outside possibility of this should cause a pop in the stock tomorrow.

certainly possible. Good news for tesla.

 

[wdolson]

According to this page, the LG Chem batteries are for the Roadster upgrade. Which makes some sense, Panasonic is probably maxxed out supplying Model S and X batteries and they want to get the Roadster upgrade going.

http://www.teslarati.com/tesla-partners-lg-chem-roadster-battery-upgrade/

 

[Ktowntslafan]

OK...but Barron's has a reputation to uphold...I'm feeling a bit more comfortable with the article...

Tesla confirmed:
Tesla Gets Boost From Korean Battery Maker LG Chem - WSJ

 

[Doug_G]

Don't see what the big deal is. Tesla has always said they may source batteries from other suppliers. This is a smaller deal for Roadster packs.

 

[Ktowntslafan]

http://mobile.reuters.com/article/idUSL3N12T35M20151029