Tesla has confirmed that it has a contract with South Korean firm LG Chem to provide batteries for Roadster 3.0, a package of range-enhancing improvements for Teslaâ€™s famous first vehicle. The company began taking orders for the $29,000 upgrade in September.
Until this announcement, Teslaâ€™s only known battery supplier was Panasonic, which is a partner in the Gigafactory now taking shape in Nevada.
Panasonicâ€™s supply agreement with Tesla makes it the worldâ€™s largest producer of EV batteries. However, LG Chem is coming on strong amid industry buzz about its low prices and high quality.
LG is supplying cells for GMâ€™s upcoming Bolt EV, and is said to be annoyed at GM for revealing how cheap those cells are.
Nissan-Renault CEO Carlos Ghosn has said he believes LG has the best cell currently on the market, and there are rumors that the Korean company will have a role in developing batteries for the much-anticipated 2nd-generation LEAF.