Tesla's Bold $5 Billion Leap Into the Future of EV Battery Tech
Tesla secures a future in EV tech with a $5 billion deal with LG for electrodes, marking a strategic shift towards in-house battery production.
April 22, 2024
In-house production refers to the process of manufacturing goods or components within the company's own facilities rather than relying on external suppliers. Tesla's recent announcement of a significant investment in the future of electric vehicle battery technology exemplifies a strategic shift towards in-house production. By bringing key manufacturing processes in-house, companies like Tesla can gain greater control over quality, costs, and innovation, ultimately positioning themselves for long-term success in the rapidly evolving market of electric vehicles.
Tesla secures a future in EV tech with a $5 billion deal with LG for electrodes, marking a strategic shift towards in-house battery production.