Tesla(US:TSLA) 起点锂电·2025-07-30 10:41Core Viewpoint - The article highlights the increasing dominance of lithium iron phosphate (LFP) battery products from Chinese manufacturers, prompting foreign renewable energy giants like Tesla and LG Energy to intensify their investments in LFP projects [2][3]. Group 1: Tesla's Developments - Tesla's first LFP battery factory in the U.S. is expected to start production by the end of this year, located in Nevada with a planned capacity of 10 GWh, supplying batteries for Powerwall, Megapack, and some vehicle battery packs [3][6]. - Tesla's Q2 revenue was approximately $22.5 billion, a year-on-year decline of about 12%, while net profit was around $1.4 billion, down approximately 23% [6][14]. - Despite the overall decline in revenue, Tesla's energy storage deployment reached 9.6 GWh in Q2, a year-on-year increase of 2.1%, and the total for the first half of the year was 20 GWh, achieving two-thirds of the 31 GWh target for 2024 [7][10]. Group 2: LG Energy's Strategy - LG Energy announced a significant LFP project contract worth $4.3 billion (approximately 309 billion RMB), which could secure its performance for the next three years and potentially extend to seven years based on mutual satisfaction [3][4]. - LG Energy's Q2 revenue was 5.6 trillion KRW (approximately 290 billion RMB), with an operating profit of 492.2 billion KRW (approximately 25 billion RMB), reflecting a quarter-on-quarter growth of 31.4% [14]. - The company has been actively diversifying its strategy, focusing on energy storage and LFP battery production, including a partnership with Chinese material companies and plans for a production line in Morocco [12][15]. Group 3: Industry Trends - The demand for LFP batteries is being driven by the rapid growth of energy storage solutions, with Tesla's Megapack product securing numerous orders in recent months [7][10]. - The global shift towards LFP batteries is seen as a safer alternative to nickel-cobalt-manganese (NCM) batteries, especially in light of past thermal runaway incidents associated with NCM batteries [15].