Tesla 4680 Batteries: Price Reduction and Increased Autonomy in 2024

2024-04-28 15:32:59

The 4680 batteries, designed and manufactured in-house by Tesla for several months, will help reduce the price of the manufacturer’s electric cars in the coming months. In any case, that is what the words of Lars Moravy, a high-ranking executive at Tesla, suggest.

Tesla Model 3 Performance 2024

THE Tesla 4680 battery cells expected as the white wolf by some. Reason ? The manufacturer presented them a few years ago as a small revolution, with increasing energy density and a lower production price. Enough to reduce the price of the brand’s electric cars, and at the same time increase autonomy. The winning formula to try to maintain Tesla Model Y as best selling car in the world in 2024.

And in fact, it had been several months since we had any news about these famous batteries developed and manufactured in-house by Tesla. The American manufacturer produces it, but in very small quantities. They are integrated into it Tesla Semi and above all else Tesla Cybertruck. Certain Tesla Model Ys manufactured in Austin, Texas are also eligible. But this seems to be for internal testing.

Good news for 4680 batteries

During the announcement of the financial results for the first quarter of 2024, Lars Moravy, head of engineering at Tesla, returned to the situation of the 4680 batteries as reported Electrek. He teaches us that ” production increased by 18 to 20% compared to Q4 2023, making it possible to meet the necessary demand for Cybertrucks, around 7 GWh per year“. The company plans to continue this growth, with the opening of additional production lines.

Tesla's battery dayA Tesla 4680 cell

Lars Moravy therefore adds that ” production costs are dropping rapidly every week » before specifying that ” our goal, and we can expect to achieve it, is to have a lower production cost compared to nickel-based cell suppliers by the end of the year«.

In other words, Tesla hopes that its 4680 batteries will be cheaper than NMC (nickel manganese cobalt) and NCA (nickel cobalt aluminum) batteries from LG, Panasonic and CATL which currently supply the car manufacturer for many electric car models.

Beware of Chinese LFP batteries

Very good news that would reduce the production costs, and thus perhaps the selling price, of some electric cars from the American manufacturer. But be careful, Lars Moravy took care to specify ” nickel cells“, to add aside read batteries LFP (lithium fer phosphate)which does without nickel and cobalt.

Reason ? They are much cheaper to produce than nickel-based cells, but in return offer lower energy density, and therefore lower autonomy.

We find LFP batteries manufactured by Chinese BYD and CATL in the Tesla Model 3 Propulsion and Model Y Propulsion. The other models have NMC or NCA batteries. In other words, we can expect a price drop on other Tesla models in the coming months thanks to the 4680 batteries But any price drop on the cheapest versions will not come from the 4680 batteries.

Tesla battery with 4680 cells

This does not rule out a price reduction for the Propulsion versions in the future, because we already know that many battery giants, as BYD or even CATL, prepare LFP cells with higher energy density. Enough to reduce costs and at the same time increase the range of electric cars.

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