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© gleighly dreamstime.com Business | June 07, 2016

Samsung SDI in talks with Tesla to supply batteries

Samsung SDI – the battery making wing of Samsung – is reportedly in talks with Tesla to supply the carmaker's Model 3 with batteries.
Tesla currently sources its batteries from Panasonic and is now likely to add Samsung SDI as a supplier – is sales exceed expectations that is, a source with direct insight told Reuters.

Elon Musk, Tesla's CEO, said in April that the company planned to increase the its total vehicle production to half a million in 2018 – which would be two years ahead of its original target, the report continues.

Tesla has currently taken about 373'000 orders for its Model 3 and deliveries are scheduled to begin in late 2017.

"It remains to be seen whether the orders will translate into actual sales," the source told Reuters.

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June 25 2017 8:55 PM V8.5.5-2