Is Tesla Licensing The 4680 Cells To LG Energy Solution?

The Korean company said it will make a new battery that will increase “energy density five-fold and power by six-fold.”

At Tesla Battery Day, Elon Musk said the new 4680 cells are five times more energy-dense and six times more powerful but failed to mention compared to what. Let’s assume it was to 18650 cells. LG Energy Solution recently said it would produce a “new form-factor” cylindrical battery with the same characteristics. Coincidence or are Tesla and LG Energy Solution working on the same thing? Could Tesla have licensed the 4680 cells to the Korean company?

That came up with a report from Reuters in which LG Energy Solution said it had plans to triple its cylindrical batteries production. It also failed to say until when it intends to do so, but the new Tesla cells could be a massive step in getting that done.