Acquisition = Lower EV Battery Costs, Perhaps?

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."

SENSORS EXPO & CONFERENCE

Sensors 2019 Hits Silicon Valley June 25-27!

Join 7,000+ engineers this June in San Jose at the sensor industry’s biggest event! With 65+ Technical Sessions, 100+ Leading Speakers, 10 new and updated tracks, and 300+ Interactive Exhibits, there’s more opportunity than ever to connect with this booming industry and the technologies driving it. See thousands of the newest technologies in action, learn about the latest applications, and develop invaluable partnerships at the only event dedicated to sensors, connectivity, and systems.

 

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

 

For more details, visit The Freedonia Group.

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