LG Chem to Supply Cathode to Panasonic for Tesla Batteries

Panasonic has chosen LG Chem as the supplier of cathode for its North American battery factory, with Tesla likely as the end customer. LG Chem will supply small-particle cathodes, which have high energy storage capacity but are expensive and difficult to produce. The deal is the first direct supply to Panasonic and marks a significant milestone for LG Chem as it expands its cathode production capacity.