Tesla: Battery Supply And Demand At China Gigafactory 3

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About: Tesla, Inc. (TSLA), Includes: LGCLF
by: Robert Castellano
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Robert Castellano
Chipmakers, solar, research analyst, Expert Witness
Summary

Tesla plans to manufacture 150,000 EVs in China at its Gigafactory 3.

A check on Tesla's battery supplier LG Chemical shows a capacity sufficient to meet the demand through 2020 for Tesla production.

As LG Chemical and other battery companies move to higher energy density nickel-rich NCM 811 batteries, nickel demand will raise battery prices more than 10% in 2020.

According to an article in Bloomberg on Tesla (NASDAQ:TSLA), “China-made vehicles will start at $50,000 in the country, only about 3% less than what the most basic imported models have been going for,