Tesla's 4680 Battery Supply Chain Disrupted as Partner Writes Down $2.9B Deal by 99%
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5mo ago· 4 min readenNews
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Summary
South Korean battery material supplier L&F Co. has written down the value of its $2.9 billion supply deal with Tesla by over 99%, indicating a catastrophic drop in demand for Tesla's 4680 battery cells. This development suggests serious trouble for Tesla's 4680 battery program and the Cybertruck that relies on it, representing a major disruption in Tesla's battery supply chain.
Key quotes
· 4 pulledA major link in Tesla's 4680 battery supply chain has just snapped.
South Korean battery material supplier L&F Co. announced today that the value of its massive supply deal with Tesla has been slashed by over 99%, signaling a catastrophic drop in demand for the automaker's in-house battery cells.
This is arguably the strongest evidence yet that Tesla's 4680 program, and the vehicle that relies on it, the Cybertruck, is in serious trouble.
In early 2023, L&F announced a $2.9 billion contract to supply high-nickel cathode materials directly to Tesla.
A major link in Tesla’s 4680 battery supply chain has just snapped. South Korean battery material supplier L&F Co. announced...
