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Tesla battery supplier LGES confirms 4680 cell development, posts $3.7B revenue for Q4 2021
LGES told Teslarati that it is working to diversify its cylindrical battery lineup and is developing 4680 batteries. The battery manufacturer did not disclose any client-related matters, specifically regarding 4680 batteries. However, the Korean battery supplier is a confirmed Tesla partner.
LGES reported a quarterly revenue of KRW 4.44 trillion ($3.7 billion), up 10.2% from the previous quarter. The company’s quarterly revenue growth was attributed to robust demand for pouch and cylindrical battery cells for electric vehicles and small-sized pouch batteries for IT devices. The company also reported a full-year revenue of KRW 17.85 trillion ($14 billion) for 2021, up 42% compared to 2020.
LGES expects its revenue to reach KRW 19.2 trillion ($16 billion) in 2022, up 8% year-over-year, partly based on steady growth in the EV market. This year the battery supplier plans to steadily expand its manufacturing capacity. In preparation for partner automakers’ new lineup of electric vehicles, LGES will put KRW 6.3 trillion ($5 billion) in capital expenditures, up 58% compared to 2021.
“LG Energy Solution will excel by prioritizing the fundamentals of quality and securing profitability,” said Youngsoo Kwon, CEO of LG Energy Solution. “LGES will continue to move forward with bold investment plans needed in the long run. We are confident our business model of preparing for the future will definitely help us lead the industry.”
Tesla’s 4680 battery cell supply
At the TSLA Q4 and Full Year 2021 earnings call, Tesla stated that all its partners and suppliers were working on its 4680 form factor.
“On the 4680 as a form factor, yes, we’ve engaged with a number of our, you know, partners or suppliers on the form factor, and they’re all working on it. And, you know, they look at it the way we look at it as a way to drive fundamental cost efficiencies in production and also, ultimately, the design of the cell itself to drive the cost down of the cell,” stated Drew Baglino, Tesla’s Senior VP of Powertrain and Energy Engineering, during the last earnings call.
Baglino also shared that Tesla focused on growing its cell supply alongside its in-house 4680 effort throughout 2021. He added that sales from suppliers exceeded Tesla’s other factory-limiting constraints. Tesla’s Senior VP of Powertrain and Energy Engineering stated that 4680 cells are not a constraint to the company’s 2022 volume plans based on the information it had during the Q4 2021 earnings call.
Tesla believes the first vehicles with 4680 battery cells could be delivered this quarter. Giga Texas is already building Model Ys with Tesla’s structural battery packs and 4680 cells.
Below is LG Energy Solution’s Q4 and FY 2021 results.
LG Energy Solution Announces Q4 and FY 2021 Results by Maria Merano on Scribd
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News
Tesla Model Y L spotted in Europe ahead of expected September China launch
Tesla’s long-wheelbase Model Y L has seemingly been spotted in Europe.

Tesla’s long-wheelbase Model Y L has seemingly been spotted in Europe, signaling its upcoming debut outside China. A lightly camouflaged prototype was seen at a charging station near Germany’s Nürburgring, hinting that the extended wheelbase crossover will make its way to European markets after its expected September launch in China.
The Model Y L
The Model Y L, which will be offered in a six-seat configuration, is expected to add roughly 178 mm (7 inches) to the overall length of the standard Model Y, with 152 mm (6 inches) dedicated to stretching the wheelbase, as noted in an autoevolution report. This design tweak should unlock more third-row space, and it should be enough to rival the rear seating comfort of the much more expensive Model X, which can no longer be ordered in Europe.
While initially mistaken for a Model Y Performance during testing, the prototype’s extended rear door cutout and 19-inch wheels, which were unusual for a Performance variant, suggested that the covered unit was actually the Model Y L. The prototype’s wheels, if any, match those listed in China’s Ministry of Industry and Information Technology (MIIT) filing for the upcoming Model Y L.
Model Y L production
Tesla is expected to build the Model Y L at Giga Shanghai for the Chinese market initially, though speculations are high that the vehicle will also be built at Giga Berlin in Germany, as well as the Fremont Factory and Giga Texas in the United States. Recent reports have suggested that the Model Y L’s production in China has already begun, and sales there are slated to start in September.
Considering the Model Y L’s lower entry price compared to the flagship Model X, the upcoming extended wheelbase crossover could quickly become Tesla’s new premier SUV for families needing extra passenger capacity, at least without stepping into the premium pricing bracket of the Model X.
News
Tesla fans are urging Elon Musk to file a lawsuit against fake “disabled” Cybertruck video
As per Tesla supporters, enough is enough,

Tesla supporters and retail investors are urging CEO Elon Musk and the electric vehicle maker to pursue legal action against a rapper who faked a video of a Cybertruck that was reportedly disabled remotely by the company.
As per Tesla supporters, enough is enough.
The fake video
American rapper Big Huey made headlines over the weekend when he claimed that his Cybertruck had been deactivated by Tesla. The rapper claimed that Tesla had remotely disabled his Cybertruck unless he complied with a cease-and-desist letter over a song he made about the all-electric pickup truck. In his video, the rapper even claimed that he was “stranded as f*ck” because he could not move his Cybertruck.
The video itself was immediately flagged by longtime Tesla watchers as fake. It did not take long before Tesla itself posted a clarification on its official X account stating that the rapper’s viral video was indeed fake. By this time, however, the rapper’s claims have already made their way across the internet.
Enough is enough
A look at the comments on Tesla’s clarification post shows that a good number of EV enthusiasts and retail investors are urging the company to pursue legal action against the rapper. One of the rapper’s videos, after all, featured an alleged cease-and-desist letter that featured what appeared to be a forged signature from a Tesla Legal executive. Others also noted that it is high time for Tesla to fight back more assertively against fake videos and allegations.
While Tesla North America tends to be a punching bag of sorts for false claims, the company has been adopting a more assertive approach to defend its reputation in other countries. These include China, which has proven to be very assertive when it comes to defending its legal interests and reputation. This has worked well for Tesla China, so it is no wonder that investors are now clamoring for a similar legal approach in the United States.
News
Tesla launches record-breaking 830 km CLTC range Model 3 in China
The long-range rear-wheel-drive Model 3 is expected to begin deliveries in September.

Tesla has officially unveiled its longest-range vehicle to date in China: a new Model 3 variant capable of traveling up to 830 CLTC kilometers (515 miles) on a single charge.
Priced from RMB 269,500 ($37,490), the single-motor, long-range rear-wheel-drive Model 3 is expected to begin deliveries in September.
The new Model 3 RWD at a glance
Equipped with a 78.4 kWh battery pack from LG Energy Solution, the new Model 3 variant surpasses the current Model 3 long-range all-wheel-drive version’s 753 CLTC-kilometer (468-mile) range and sets a new benchmark for the company’s global lineup. It can accelerate from 0 to 100 km/h in 5.2 seconds and has a top speed of 200 km/h.
The launch expands Tesla’s Model 3 offerings in China to four versions. The lineup now includes the entry-level rear-wheel drive variant, which is powered by CATL lithium iron phosphate batteries and starts at RMB 235,500, as well as the dual-motor long-range all-wheel-drive and performance all-wheel-drive versions priced at RMB 285,500 and RMB 339,500, respectively.
Improved range upgrades
Tesla confirmed on Weibo that all Model 3 versions in China have now received range upgrades this year, part of a broader strategy to refresh its lineup. The company is launching the new variant amid intensifying competition in China’s electric vehicle market.
From January to July, Tesla delivered 304,027 vehicles in China, a 6.32 percent decline year-on-year. The drop was driven largely by the Model Y’s sales of 202,257 units, which fell 17.15%, as noted in a CNEV Post report. The Model 3’s sales rose 26.54% to 101,770 units during the same period. To boost sales, Tesla is offering incentives on most Model 3 trims, including five years of interest-free financing, an RMB 8,000 discount on paint, and an RMB 8,000 insurance subsidy, among others.
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