Six months after his arrest, Carlos Ghosn will find, for the first time, this Thursday morning, the prosecutors and his three judges for a formal preliminary hearing to prepare for his future trial. A crucial step in the long legal process that awaits the former boss of Nissan and Renault. “It is possible that these… Continue reading Critical hearing for Carlos Ghosn ahead of trial
Category: Automotive
JAGUAR I-PACE WINS THREE TITLES AT THE INTERNATIONAL ENGINE + POWERTRAIN OF THE YEAR AWARDS 2019
× {{dictionary[‘Added to your cart’]}} × {{dictionary[‘CART WARNING’]}} {{dictionary[‘Sorry, your cart is currently full. Please remove ‘]}} × {{dictionary[‘Cookie message and title’]}} × Pagination Warning! Sorry, Please add a number less than maximum pages {{dictionary[‘User Licence – pop up text’]}} You have been detected as being located in: {{userLang}} A media site housing news, photo… Continue reading JAGUAR I-PACE WINS THREE TITLES AT THE INTERNATIONAL ENGINE + POWERTRAIN OF THE YEAR AWARDS 2019
Mushroom announces latest strategy
Mushroom, an IoV, or Internet of Vehicles firm, announced its latest solution utilizing “AI cloud, operating system, smart terminal and sensor” technologies to provide customized service to drivers, on Wednesday.The customized car operating system can run in ARM, X86 and other hardware architectures to have a rich, multi-mode interaction ability that can fully adapt to more than 1,000 mainstream car models.Thanks to dynamic mobile communication systems that communicate between vehicles and public networks, IoV technology enables information sharing on vehicles, roads and their surroundings, effectively helping guide and supervise vehicles, and providing abundant multimedia and mobile internet application services.
Farewell of an alpha animal
For the Swabians, whoever gets a job “at the Daimler” is considered. Dieter Zetsche was chief executive there for 13 years. With a walrus beard and brisk performances he became a brand himself. Now he resigns – as one of the last of his kind. obs / SWR – Südwestrundfunk / Daimler AG Dieter Zetsche:… Continue reading Farewell of an alpha animal
London’s Tube network to switch on Wi-Fi tracking by default in July
Transport for London will roll out default wi-fi device tracking on the London Underground this summer, following a trial back in 2016. In a press release announcing the move, TfL writes that “secure, privacy-protected data collection will begin on July 8” — while touting additional services, such as improved alerts about delays and congestion, which… Continue reading London’s Tube network to switch on Wi-Fi tracking by default in July
Tesla’s Acquisition of Maxwell Technologies — More Thoughts & Information
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Published on May 16th, 2019 |
by Dr. Maximilian Holland
Tesla’s Acquisition of Maxwell Technologies — More Thoughts & Information
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May 16th, 2019 by Dr. Maximilian Holland
Tesla today announced the completion of its acquisition of the battery and supercapacitor company Maxwell Technologies. This has been on the cards since early February and is in line with the recent timeline given in Tesla’s Q1 investor call. Maxwell’s battery dry electrode manufacturing process has already been piloted by Tesla, and will allow significant battery cost reductions and energy density improvements.
Tesla has made the acquisition via a stock-swap, which approximates to a value of $230 million, for a controlling stake of 79% of Maxwell.
Tesla’s current cell costs of around $100/kWh amount to approximately $3.5 billion in battery production costs per year (around 70 kWh per vehicle and 500,000 vehicles). Maxwell’s dry battery electrode manufacturing technology claims to allow a 10–20% cost reduction versus traditional wet-electrode manufacturing techniques.
It’s not clear at this stage what overall reduction this 10–20% gives to the entire cell manufacturing process. Given Tesla’s $3.5 billion annual cell costs, even an overall cost reduction on the order of 5% would mean that the acquisition pays for itself over just a couple of years, and thereafter will be all upside.
Time savings and environmental benefits are also significant potential gains, as well as a plethora of other performance benefits that Maxwell has hinted at and Tesla is no doubt interested in. These include energy density of 300 Wh/kg with a path to 500 Wh/kg. Tesla is currently running somewhere around 250+ Wh/kg.
It’s not clear whether Tesla will find a use for Maxwell’s supercapacitor technology. We’ve previously speculated that there may or may not be use cases that leverage this. Alternatively, Tesla might leave the existing supercapacitor business undisturbed, or ultimately sell that side of the business.
We’re keen to learn more about the Maxwell Technologies acquisition, and what it means for Tesla. We will bring you more updates when we have them.
About the Author
Dr. Maximilian Holland Max is an anthropologist, social theorist and international political economist, trying to ask questions and encourage critical thinking about social and environmental justice, sustainability and the human condition. He has lived and worked in Europe and Asia, and is currently based in Barcelona.
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BMW incarnates Zetsche with farewell video
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Michelin: Adjustments to the conversion conditions following the payment of dividend for the non-dilutive convertible bonds due 2022
“No information relating to Michelin’s convertible non-dilutive cash-settled bonds issue may be distributed to the public in any jurisdiction in which registration or approval is required, notably in France. No steps have been taken to make an offer to the public of Michelin’s convertible non-dilutive cash-settled bonds in any jurisdiction where such steps would be… Continue reading Michelin: Adjustments to the conversion conditions following the payment of dividend for the non-dilutive convertible bonds due 2022
Status quo at Renault-Nissan must be changed: French finance minister
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire delivers a speech during a high-level forum on debt at the Finance ministry in Paris, France, May 7, 2019. REUTERS/Benoit Tessier/File Photo PARIS (Reuters) – The current status quo regarding the alliance between French carmaker Renault and its Japanese partner Nissan cannot continue and must… Continue reading Status quo at Renault-Nissan must be changed: French finance minister