LG Energy is set to invest $451 million in the mass production of Tesla 4680 battery cells. The manufacturer plans to start mass production of the new cells next year.
The new 4680 battery cell is considered the most advanced version of the battery cell used in electric vehicles today. The larger battery has five times the energy density and six times the output of the 2170 counterpart. The range of an electric vehicle using 4680 battery cells will increase on average by 16%.
