Thread by @jpr007

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
cnevpost.com/2021/10/29/tes…

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

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

According to the data, China's power battery installed base in September was 15.7 GWh, up +138.6% YOY and +25% from August MOM

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

Among them, ternary batteries installed a total of 6.1GWh, up +45.6% YOY and up +15% MOM from August.

However, LFP battery installation volume increased even more, with 9.5GWh installed in September, up +309.3% YOY and +32.3% MOM compared with August

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 could 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 earnings report last week showed it posted record revenue of $13.757 billion in the third quarter, up +57% 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

And they can be used for Energy Storage System batteries too