Four years after Tesla revealed the hyped Cybertruck, its production still lags with 1.9 million orders pending. The bottleneck stems from challenges in mass-producing what are known as 4680 battery cells, which are key to the Cybertruck’s success due to their superior energy density and cost efficiency. Currently, Tesla can only produce a fraction only a tenth of the required output, pushing it to lean o.
LG Energy Solution, the nation’s top battery maker for electric vehicles, said Wednesday that its board of directors has appointed President Kim Dong-myung as its new CEO starting next year. Kim, replacing the firm’s iconic leader Kwon Young-soo, is a chemical specialist who has been leading the aggressive overseas expansion in the burgeoning EV market in recent years. The new CEO joined the company, then.