Gelonghui, May 10 | Tesla appointed a new head of the 4680 battery department, Bonne Eggleston. He then held a department-wide meeting and announced a suspension of layoffs. But it must be by the end of the year Achieve the cost reduction goal-Tesla’s self-produced 4680 batteries are cheaper than similar batteries purchased from suppliers such as Panasonic and LG New Energy.
This is far from the goal when the 4680 battery was released in 2020.
At that time, Musk hoped to use new structures and manufacturing methods to reduce battery costs by half. This would allow Tesla\’s cars to establish a price advantage.
Before the new appointment, Tesla\’s battery materials department had laid off half of its employees. The highly regarded 4680 battery department had laid off more than 20% of its employees, with only about 800 people left.
Two people familiar with the matter said Tesla executives had proposed at the beginning of this year that the 4680 unit’s goal was to make self-produced batteries cheaper than those from suppliers.
Battery division managers were told at the time that Tesla might abandon the 4680 project if it couldn\’t achieve that goal by the end of the year.
Tesla layoffs follow-up: many manufacturing innovations suspended, 4680 battery target reduced
Gelonghui, May 10 | Tesla appointed a new head of the 4680 battery department, Bonne Eggleston. He then held a department-wide meeting and announced a suspension of layoffs, but it must be at the end of the year. Achieve cost reduction goal – Tesla’s self-produced 4680 batteries are cheaper than similar batteries purchased from suppliers such as Panasonic and LG New Energy
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