id="article-body" class="row" section="article-body"> tour bắc kinh thượng hải Enlarge ImageTesla's Chinese Gigafactory 3 finally has a battery partner in the form of LG Chem.

Xinhua News Agency/Getty Images As Tesla's Chinese Gigafactory steams ahead toward completion, the company has been on an increasingly important search for a battery cell supplier that can keep up with the facility's planned production rate.

Tesla appears to have found that supplier in South Korea's LG Chem, according to a report Thursday by Bloomberg. While it's believed that the big T's deal with LG won't be exclusive, it's certainly a feather in the cap of the Korean manufacturer, and its stock prices surged at the news.

LG will specifically be supplying the 2170 cells used by Tesla's Model 3 and eventually the Model Y. The company also has contracts to supply other automakers like General Motors and Volvo, but in the words of tour bắc kinh thượng hải Wu-Tang Financial, it's wise to "diversify yo bonds."

Gigafactory 3 outside Shanghai is set to start producing vehicles from knock-down kits tour bắc kinh thượng hải by the end of this year while the facility is still under construction and ramp up from there, beginning to manufacture more components in-house.

As far as we can tell, this new deal with LG will have little to no bearing on the company's tour bắc kinh thượng hải long-standing agreement with Panasonic for battery production at Gigafactory 1 in Nevada.

Tesla didn't immediately respond to Roadshow's request for comment.
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