Tesla(US:TSLA) 起点锂电·2025-11-04 10:26Core Viewpoint - Korean battery companies are accelerating their entry into the global energy storage battery market through the development of lithium iron phosphate (LFP) battery technology, with Samsung SDI in discussions with Tesla for battery supply agreements [3][4]. Group 1: Market Developments - Samsung SDI is reportedly set to supply approximately 10 GWh of energy storage system batteries annually to Tesla for at least the next three years, totaling around 30 GWh and potentially exceeding 3 trillion KRW (approximately 150 million RMB) in procurement value [4]. - The global energy storage lithium battery shipment reached 315.8 GWh in the first half of the year, marking a 98% year-on-year increase, with leading companies including CATL, EVE Energy, and BYD [4][6]. Group 2: Competitive Landscape - The top ten companies in energy storage battery shipments do not include the three major Korean battery firms: LG Energy Solution, Samsung SDI, and SK On [5]. - The shift towards lithium iron phosphate batteries is driven by safety concerns and higher costs associated with ternary lithium batteries, positioning Korean companies as significant competitors to Chinese firms in the energy storage sector [7]. Group 3: Strategic Initiatives - Korean battery companies are making progress in LFP battery production, with Samsung SDI planning to achieve mass production by 2026 and establishing production capacity in Indiana, USA [8]. - LG Energy Solution has signed a $4.3 billion (approximately 303 million RMB) supply agreement with Tesla for LFP batteries, with production set to begin in Michigan [8]. - SK On is converting part of its Georgia factory's EV battery production lines to LFP energy storage systems, aiming for mass production by the second half of 2026 [9]. Group 4: Market Trends - The demand for electric vehicles in Europe and the US is currently weak, prompting the three major Korean battery companies to focus on energy storage as a primary strategy for business restructuring and improving operational capabilities [10].