Gelonghui May 10| Tesla appoints new battery division for 4680tritonpoker2022Bonne ston, head of the company,tritonpoker2022He then held a department all-staff meeting and announced a moratorium on layoffs, but must achieve the cost reduction goal by the end of the year-Tesla's own 4680 batteries are cheaper than similar batteries purchased from suppliers such as Panasonic and LG New Energy. This is far from the goal when the 4680 battery was released in 2020. At the time, Musk hoped to use new structures and manufacturing methods to cut battery costs in half, thereby giving Tesla's cars a price advantage. Before the new appointment, Tesla's battery materials division had laid off half of its staff, while the much-regarded 4680 battery division had laid off more than 20%, leaving only about 800 people. Two people familiar with the matter said that Tesla executives had proposed earlier this year that the 4680 division's goal was to make its own batteries cheaper than suppliers. Battery division managers were told at the time that if this goal was not achieved by the end of the year, Tesla might abandon the 4680 project.