Connect with us

News

LG Energy Solution & Ford sign battery supply deal

Published

on

LG Energy Solution (LGES) and Ford signed a battery supply deal. Part of the agreement between Ford and the South Korean battery supplier includes moving LGES’ battery production for the Mustang Mach-E from Europe to the United States.

LGES and Ford’s contract is predicted to help the South Korean battery supplier expand its manufacturing capacity in the EU. Meanwhile, the supply deals are expected to help Ford meet tougher battery-sourcing requirements for EVs in Europe, the United Kingdom, and the United States. 

 

Under the agreement, LG Energy Solution is expected to supply 109 GWh of batteries to Ford for its electric commercial vans. The contract will start in 2026 and last between four to six years. Ford commercial vans will be sold in Europe. 

In August, Ford CEO Jim Farley traveled across Europe in the company’s all-electric E-Transit Custom. He gathered first-hand feedback and insight from potential E-Transit Custom customers in Europe.

The deal between the two companies requires LGES to produce batteries for the Ford Mustang Mach-E in Michigan instead of Poland by 2025. According to the companies’ press release about the deal, moving production from Poland to LGES’ Michigan facility would enhance business efficiency and capitalize on market conditions, like the IRA tax credits. 

Advertisement

“These agreements attest to our experience and expertise in powering commercial vehicles with innovative battery technologies designed to handle extreme user environments,” said David Kim, CEO of LG Energy Solution.

“Capitalizing on our local production capacity, we will secure leadership in the European market and deliver unmatched values to our customers through advanced battery technologies that effectively address diverse needs,” Kim said.

If you have any tips, contact me at maria@teslarati.com or via X @Writer_0100110.

Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

Comments

News

Starlink Expands in Brazil via John Deere Partnership

Published

on

starlink-brazil-john-deere-expansion
(Credit: John Deere)

Starlink is expanding in Brazil through John Deere and it is boosting connectivity for rural agriculture.

The agricultural equipment giant rolled out Starlink’s satellite broadband service in Brazil and parts of the U.S., targeting underserved regions. Shipments of Starlink equipment began in January 2025, according to Jahmy Hindman, SVP and CTO at John Deere, with sales already topping 2,000 units.

“We’re actually seeing sales surpass expectation at this point,” said Aaron Wetzel, VP of production and precision ag production systems at John Deere, in an interview with Mobile World Live. He added, “For us to really create the value for them through our technology solutions, we need to bring that connectivity to them.”

Wetzel noted that around 20% of the U.S. lacks reliable internet. Meanwhile, 70% of John Deere’s North American connectivity relies on AT&T’s 4G network.

John Deere integrates SpaceX’s internet service into its agricultural equipment by placing Starlink terminals on the machine’s cabs. The company offers Starlink equipment as an aftermarket product, shipped directly from factories. Starlink service delivers downlink speeds of 50Mb/s to 100Mb/s, uplink speeds of 10Mb/s to 20Mb/s, and latency between 20 and 70 milliseconds.

Advertisement

Starlink’s internet services allow farmers to use John Deere’s mobile app. With Starlink and the mobile app, farmers can access live video feeds, sensor data, and real-time data sharing. Internet access also gives farmers access to advanced features like autonomy, remote diagnostics, enhanced self-repair, and machine-to-machine communication.

In August 2024, John Deere announced its partnership with Starlink. It is expected to sell an aftermarket solution of rugged Starlink terminals and cellular modems, enabling them to connect to agricultural machines and farm management systems. John Deere had an early access program for its ruggedized Starlink terminals, which were open to customers in the United States and Brazil.

Continue Reading

Elon Musk

Tesla Energy shines with substantial YoY growth in deployments

Published

on

Credit: Tesla Megapack

Tesla Energy shined in what was a weak delivery report for the first quarter, as the company’s frequently-forgotten battery storage products performed extraordinarily well.

Tesla reported its Q1 production, delivery, and deployment figures for the first quarter of the year, and while many were less-than-excited about the automotive side, the Energy division performed well with 10.4 GWh of energy storage products deployed during the first quarter.

This was a 156 percent increase year-over-year and the company’s second-best quarter in terms of energy deployments to date. Only Q4 2024 was better, as 11 GWh was recorded.

Tesla Energy is frequently forgotten and not talked about enough. The company has continued to deploy massive energy storage projects across the globe, and as it recorded 31.5 GWh of deployments last year, 2025 is already looking as if it will be a record-setting year if it continues at this pace.

Tesla Megapacks to back one of Europe’s largest energy storage sites

Although Energy performed well, many investors are privy to that of the automotive division’s performance, which is where some concern lies. Tesla had a weak quarter for deliveries, missing Wall Street estimates by a considerable margin.

There are two very likely reasons as to why this happened: the first is Tesla’s switchover to the new Model Y at its production facilities across the globe. Tesla said it lost “several weeks” of production due to the updating of manufacturing lines as it rolled out a new version of its all-electric crossover.

Secondly, Tesla could be facing some pressure from pushback against the brand, which is what many analysts will say. Despite the publicity of attacks on Tesla drivers and their vehicles, as well as the company’s showrooms, it would be safe to assume that we will have a better picture painted of what the issue is in Q2 after the company reports numbers in July.

New Tesla Model Y was a best-seller in China in March 2025

If Tesla is still struggling with lackluster delivery figures in Q2 after the Model Y is ramped and deliveries are more predictable and consistent, we could see where the argument for brand damage is legitimate. However, we are more prone to believe the Model Y, which accounts for most of Tesla’s sales, and its production ramp is likely the cause for what happened in Q1.

In what was a relatively bleak quarter, Tesla Energy still shines as the bright spot for the quarter.

Continue Reading

Elon Musk

Tesla bull Wedbush responds to Q1 deliveries: ‘A disaster on every metric’

Published

on

Credit: diagnosticdennis/Instagram and @smile__no via Tesla Owners of Santa Clarita Valley/X

Tesla bull Wedbush has responded to the company’s lackluster Q1 delivery figures, which were released on Wednesday morning in a new note from analyst Dan Ives.

Tesla reported deliveries of 336,681 vehicles in the first quarter of the year, a far cry from the Wall Street estimate of 352,000 and whisper numbers of roughly 350,000. At first glance, it seems to be a disaster, but Tesla said it lost “several weeks of production” in Q1 due to the ramp of the new Model Y at all four of its vehicle production factories.

Tesla (TSLA) reports 336,681 vehicle deliveries for Q1 2025

This could be part of the reason that the company experienced a quarter of this performance, but there are also factors stemming from CEO Elon Musk’s involvement in the U.S. government, which has created some pushback in various markets.

It’s tough to say how much of each issue caused this type of quarter, but Ives wrote in a note to investors that Wedbush could not look at this “with rose-colored glasses,” as the performance “was a disaster on every metric.”

Ives believes it is time for Musk to make a move:

“The Street and us knew a bad 1Q was coming but this was even worse than expected. The time has come for Musk….it’s a fork in the road moment. The more political he gets with DOGE the more the brand suffers, there is no debate. This quarter was an example of the damage Musk is causing Tesla. This continues to be a moment of truth for Musk to navigate this brand tornado crisis moment and get onto the other side of this dark chapter for Tesla with much better days ahead.”

Interestingly, the stock dropped over 5 percent after the delivery report. It quickly rebounded 8 percent and is currently up over 5 percent on the day after a report from Politico stated that Musk and President Donald Trump have discussed the CEO stepping back from the Department of Government Efficiency (DOGE).

Based on that, it seems that investors were looking for Musk to step back from his government duties and show more public attention to Tesla. Realistically, we do not know how much of his time is being devoted to Tesla and its EV initiative. However, it seems investors were ready to hear something along the lines of Musk being more involved and speaking openly about Tesla and its projects.

It’s not all bad. Ives still recognizes Tesla’s prowess with the rollout of robotaxi and Full Self-Driving and how much impact it could have moving forward:

“Autonomous remains the biggest transformation to the auto industry in modern-day history and in our view, Tesla will own the autonomous market in the US and globally with the launch of unsupervised FSD in Austin kicking off the autonomous era at Tesla that we value at $1 trillion alone on a sum-of-the-parts valuation…”

With that being said, he also wants Musk to balance responsibilities with DOGE and Tesla:

“BUT…Musk needs to stop this political firestorm and balance being CEO of Tesla with DOGE. The future is so bright but this is a full blown crisis Tesla is navigating now and its primarily self-inflected. We remain firmly bullish on the long-term Tesla story but Musk needs to get his act together or else unfortunately darker times are ahead for Tesla.”

Tesla shares are trading at $283.01, up 5.42% at 1:57 p.m. on the East Coast.

Continue Reading

Trending