Acquisition = Lower EV Battery Costs, Perhaps?

(anon)

To be finalized by the middle of this year, Tesla is acquiring Maxwell Technologies, a company that supplies lithium-ion batteries for electric vehicles (EVs) manufactured by automakers other than TESLA. Allegedly, the acquisition will allow Tesla to reduce the per kilowatt-hour costs of its batteries.

 

A key part of the deal is Maxwell Technologies’ proprietary dry-electrode technology. Freedonia Group analyst Kyle Peters believes Maxwell's dry electrode technology is a significant step forward in Tesla's goal of reducing battery costs. He says, "By reducing battery costs, which are typically the most expensive component of an electric vehicle, Tesla can offer lower priced EVs that will very likely feature a longer range. These are major steps that Tesla needs to take to make their vehicles more affordable, which has been a major roadblock to faster adoption across all EV suppliers."

Sponsored by Infosys

Infosys positioned as a Leader in Gartner Magic Quadrant for IT Services for Communications Service Providers, Worldwide 2020

The Gartner Magic Quadrant evaluated 12 vendors and Infosys was recognized for its completeness of vision and ability to execute.
Infosys leverages its global partner ecosystem, CSP-dedicated studio, design tools, and 5G Living Labs to boost service delivery. Innovative solutions such as the ‘Infosys Cortex2’ are driving business value for CSPs.

 

For additional analysis of the hybrid and electric vehicle and batteries industries see the studies:

 

For more details, visit The Freedonia Group.

Read more on

Suggested Articles

The overall data center system matters more than the CPU to CIOs, but investors responded poorly to Intel’s lower data centric chip sales

The world’s largest chipmaker saw a 47% decline in data center sales to enterprise and government, even as it forecast a full year 2020 record of $75B

Working with Jacoti of Belgium, Qualcomm wants to make earbuds recognize the hearing anomalies of users.