SK, LG and Samsung all Korean. The Chinese seem to be MIA. *Not...

SK, LG and Samsung all Korean. The Chinese seem to be MIA.

*Not exactly my friend, all is not what it appears, as

Tesla May Have Signed Deal to Supply LFP Batteries & Build Joint Manufacturing Plant with Gotion High-Tech

Chinese battery cell manufacturer Gotion High-Tech has signed an agreement for the supply of LFP batteries and collaboration to explore the possibility of building a manufacturing plant in the U.S. with a big public American automaker. Gotion did not disclose the name of the customer, but there are speculations that it could be Tesla.

According to the terms of the agreement, LFP battery cell deliveries will take place between 2023 and 2028 and include a total volume of at least 200 GWh. Gotion will manufacture LFP batteries in China and export them to customer in the U.S. In addition, the partners also plan to localize the production and supply of LFP batteries in the U.S. and explore the possibility of a joint venture in the future. While the contract clearly calls for a joint venture, Gotion did not provide further details on it.

Due to trade secrets, Gotion does not disclose basic information about counterparties or products. However, the company said it will supply battery cells for use in electric vehicles and other products of the company. This further suggests that Tesla may be a partner, as, in addition to electric vehicles, it also produces energy storage systems.

Earlier, Tesla CEO Elon Musk said that all basic car models produced by the company will be built with LFP batteries. In addition, he made it clear that batteries with the same chemistry will be used in stationary energy storage systems.

Of course, this requires a constant increase in battery supply, since the production capabilities of the company's factories are growing more and more every year.

As the clear leader in this sector, Tesla is a highly valued customer for any company in the world.

Tesla TSLA Share Price Continues Climb Amid Expectations of Strong Q4 Deliveries

Tesla's share price continues to rise as investors expect strong delivery rates and development in 2022.

Investors are increasingly optimistic about Tesla's Q4 results and support a rise in the share price.

Its value increased on Monday, rising to a trendline buy point.

Tesla's delivery data will be announced in early January.

The FactSet consensus data shows delivery of 261,400 Model 3 and Y vehicles and 15,500 Model S and X vehicles.

This would bring cumulative deliveries to 276,900 vehicles.

In Q3, Tesla delivered 241,300 vehicles, which exceeded the consensus estimate of 232,000 vehicles.

However, some analysts are even more optimistic.

Analysts at RBC Capital Markets estimate Q4 deliveries to grow 58% YoY to 285,000 units.

If this happens, then Tesla will deliver 913,000 vehicles in 2021.

They expect deliveries of Model 3 and Y to grow 69% YoY to 273,000 units.

Thus, Tesla will win another round against the U.S. legacy car manufacturers, who have been unsuccessfully struggling with component shortages throughout 2021.

Tesla has largely been able to avoid shortages and disruptions in production thanks to the strong management abilities of its leadership.

Tesla's Q4 deliveries could grow even higher than expected as credits for buying new electric vehicles are suspended.

While new credits are highly likely, Build Back Better's plan has stalled in the Senate.

This uncertainty may have prompted some U.S. residents to buy a car right now.

RBC Capital Markets predicts that the majority of Tesla vehicles in Q4 will deliver to U.S. buyers.

www.tesmanian.com



*To Remind,










Food for thought on the Road to Mining Manono with CAT & Tesla in tow

Frank