Technical FAQs 4

Will BYD supply lithium-ion cells for Tesla's made-in-China energy storage systems?

BYD's FinDreams battery unit will supply lithium-ion cells for Tesla's made-in-China energy storage systems. Tesla's battery energy storage systems (BESS) in China are expected to consist of LFP lithium-ion battery cells from both CATL and BYD.

Does Tesla have a battery energy storage system in China?

Tesla's battery energy storage systems (BESS) in China are expected to consist of LFP lithium-ion battery cells from both CATL and BYD. According to LatePost (via CnEVPost), BYD 's FinDreams battery unit has secured a contract for more than 20% of Tesla 's anticipated BESS manufacturing capacity in China.

Who makes a battery – CATL or BYD?

CATL supplies various companies, while BYD produces batteries mostly for its own needs but also for clients through its FinDreams business unit. Tesla started construction of its BESS factory (also known as the Megafactory) in the Lingang area of Pudong, Shanghai, in May, with a plan to start production in Q1 2025.

What is Tesla's Energy Storage business model?

Tesla's energy storage business model involves sourcing cells from suppliers and assembling them into complete energy storage systems, including the Megapack, a large-scale energy storage system for office buildings and factories, and the Powerwall for homes.

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