South Korea’s LG Chem plans to start producing batteries for Tesla vehicles at a domestic factory this year after the U.S. electric carmaker raised orders to cope with demand, Reuters reported.
LG Chem is converting some of its production in South Korea to produce batteries for Tesla. An LG Chem factory in Nanjing, China, already makes batteries for Tesla.
Tesla on Thursday announced forecast-beating global vehicle deliveries for the April to June period, shrugging off a U.S. production suspension due to the coronavirus pandemic.
The U.S. firm, which runs a joint battery factory with Japan’s Panasonic in the United States, added LG Chem and China’s CATL as suppliers for its factory in Shanghai.