U.S. Wall Street Union Bank Ltd

On February 19, Tesla tweeted that the pilot plant in California produced 1 million 4680 batteries in January, marking the formal entry of 4680 batteries into mass production.
The announcement comes as Tesla is expected to begin delivering a new model y with 4680 batteries.
In 2020, Tesla launched the new 4680 battery for the first time, which is a new cylindrical battery with larger size, and the performance parameters have been significantly improved. According to Tesla's outlook, the storage capacity of 4680 battery will be five times that of 2170 battery, and the power will be up to six times. It is expected to increase the driving range of the vehicle by 16% and reduce the cost by 14%.
Since its launch, Tesla has been producing 4680 batteries in Fremont's "pilot plant" and deploying mass production in other plants, including gigafactory in Texas and gigafactory in Berlin.
Although Tesla calls it a "pilot plant", the goal of the plant is to produce 10gwh batteries, more than many of its size batteries.
Last month, drew Baglino, Tesla's senior vice president of engineering, said Tesla had made meaningful progress in increasing the output of the pilot plant, but he did not confirm the capacity.
Now Tesla announced that it had produced its first million 4680 batteries at its factory in California in January.
According to the standard of about 1000 batteries per vehicle, 1 million batteries are enough to produce about 1000 model y vehicles in gigafactory, Texas.
Although the number is small, it marks that 4680 batteries have officially entered the stage of mass production. If Tesla can produce 100000 4680 batteries a week, it can produce 100 model y cars a week, which is a good start.