Tag: M and A

Tesla may use new battery supplier for cars made in China factory

Tour of Tesla battery gigafactory for invited owners, Reno, Nevada, July 2016
Tesla is reportedly exploring the idea of buying local batteries for its factory in China, from a supplier other than Panasonic.

Panasonic has been Tesla's partner in creating batteries for its electric cars from the outset of Model S production and co-owns the Nevada battery-production Gigafactory that produces far more electric-car batteries any other.

According to a new Reuters report, Tesla has signed a preliminary agreement with Chinese battery manufacturer Lishen to supply batteries for the Model 3 sedans that will be made at Tesla's new Chinese factory as soon as later this year. The report cites two people familiar with the agreement, speaking Chinese, which could indicate anything from a preliminary agreement, as the U.S. business community might understand it, to a mere formal acknowledgement.

READ THIS: Tesla breaks ground on China factory for Model 3 and Model Y

One said it was a preliminary agreement, while the other indicated that Lishen and its batteries still have to go through Tesla's lengthy supplier certification.

Both companies denied to Reuters that they had signed such an agreement, though Tesla acknowledged it gathered a quote from Lishen to supply batteries for the Chinese Model 3.

Tour of Tesla battery gigafactory for invited owners, Reno, Nevada, July 2016

In a tweet in November, Tesla CEO Elon Musk said the company would source batteries locally for cars made in China and that it planned to diversify its supply sources, including batteries.

One of the Reuters sources said that Lishen was still working out what size cells Tesla would need, and neither knew how many the company might order.

Lishen currently produces batteries for some Hyundai hybrid and electric cars, as well as for Apple and Samsung electronics.

CHECK OUT: Tesla Model S catches fire—twice—after flat tire in California

Tesla's batteries, up until now supplied exclusively by Panasonic from the Nevada Gigafactory, have become known for their performance and longevity, if also for their occasional flammable properties in accidents and sometimes otherwise.

When he announced the groundbreaking for the new Chinese factory, Musk said it would produce lower-end, more affordable versions of the Model 3 there, and eventually the company's upcoming Model Y smaller SUV.

If the cars are to be more affordable, more affordable batteries may be in order too.

Kilian: “E-mobility and digitalization mean profound structural change”

The New Year sees Volkswagen systematically forging ahead with its electric offensive and the transformation of the factories in Zwickau, Dresden, Emden and Hanover to become production locations for electric vehicles. The Zwickau facility is the trailblazer for this transformation, with the compact ID. already going into production there at the end of this year.… Continue reading Kilian: “E-mobility and digitalization mean profound structural change”

Audi e-tron hits Munich Airport with full force

Audi is preparing a very special showcase for the e-tron prior to its official launch on the German market: The all-electric Audi has landed at Munich Airport in a multi-storey meteorite that covers a 630-square-meter (6,781.3 sq ft) footprint. Until mid-March, visitors and passengers can experience the new model for themselves along with its technology,… Continue reading Audi e-tron hits Munich Airport with full force

As GM Plant Closure Looms In Ohio, Interest In Tesla Grows

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Autonomous Vehicles Published on January 23rd, 2019 | by Guest Contributor
As GM Plant Closure Looms In Ohio, Interest In Tesla GrowsTwitterLinkedInFacebookJanuary 23rd, 2019 by Guest Contributor
Originally published on EVANNEX
By Charles Morris
In November, GM announced plans to stop producing most of its sedans and close down five North American factories, including a plant in Lordstown, Ohio, that produces the doomed Chevrolet Cruze. Some have speculated that Tesla might be interested in buying some of the soon-to-be-shuttered plants, perhaps repeating the coup the company scored when it purchased its Fremont factory from Toyota for a song in 2010. Elon Musk and Ohio Governor John Kasich batted the possibility around on Twitter, but GM CEO Mary Barra recently threw cold water on the idea, saying that Tesla wouldn’t want to buy a unionized factory.
Tesla Model S (Image: EVANNEX)It remains to be seen whether a Tesla takeover of GM’s Lordstown Complex is a realistic possibility or not. However, it’s safe to assume that folks who live in the area of the plant, which employs some 4,500 people (nearly 1,000 more than live in the village of Lordstown) are deeply concerned about its future, and many are interested in learning more about Tesla.
“After GM builds its last Cruze in Lordstown, no one knows what will come next,” says news anchor Dave Sess of Youngstown TV station WKBN in in a recent segment. “The automaker does plan a shift into electric cars, though. I found a local Tesla driver and wondered what an all-electric car was like on the road, so I went for a ride with him to find out.”

New Castle resident Russ Carley talks about his Tesla (Youtube: WKBN27)
New Castle resident Russ Carley is a high-mileage driver — he put 100,000 miles on two Toyota Prii before ordering his Model S in July 2017. He says he had to wait 14 months for delivery, but so far he’s a happy customer — he loves “the smoothness, the modern technology and all the whizzes and bangs and bells,” and finds that “for all the miles I drive, [it is] really cost-effective.”
Regular readers of this column may smile at the gee-whiz tone of WKBN’s report, but keep in mind that it’s aimed at viewers who may be entirely unfamiliar with Tesla, and may not even be aware that an electric car is a viable option. “There’s plenty of mystique when you see a Tesla on the road,” says WKBN’s Sess. “It’s so quiet you only hear the tires on the road.”
Image: Chevy Bolt by Tina Casey
Carley bought his Tesla for its cutting-edge technology, and he loves it when people recognize the car. He believes electric cars are the wave of the future, and that building them could be a long-term answer for the workers of Lordstown.

About the AuthorGuest Contributor is many, many people. We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people. 😀

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Volkswagen invests in US start-up Forge Nano

The Volkswagen Group is investing US$10 million in the startup “Forge Nano Inc.” with a view to reinforcing its specialist knowledge in the field of battery research. Forge Nano is investigating a material coating technology that could further improve the performance of battery materials. As a partner, Volkswagen will provide support for industrial trials of… Continue reading Volkswagen invests in US start-up Forge Nano

GM to collaborate with EVgo, ChargePoint and Greenlots

General Motors will partner with EVgo, ChargePoint and Greenlots, three of the US’s largest charging networks, to give its customers access to over 31,000 charging ports. GM plans to aggregate dynamic data from each of the networks to offer owners of the Chevrolet Bolt EV a more seamless charging experience. GM expects to finalize the… Continue reading GM to collaborate with EVgo, ChargePoint and Greenlots

Toyota and Panasonic confirm wide-ranging new battery partnership for electric vehicles

Toyota and Panasonic have confirmed that they are starting a wide-ranging new battery joint-venture to manufacture and sell battery cells for electric vehicles. The fact that the two Japanese companies reached an agreement leaked yesterday, but they have released all the details today. Toyota Executive Vice President Shigeki Terashi said: “Together with Panasonic, we want to… Continue reading Toyota and Panasonic confirm wide-ranging new battery partnership for electric vehicles

Enough is Enough. Our Privacy Matters.

In 2018 there was a tiring pattern of an ever-increasing number of security breaches with larger and more significant consequences. While the media, policymakers, and electronics industry started talking about the security risks that come with a hyperconnected world, there was no real discussion on how we solve this growing problem and who bears the… Continue reading Enough is Enough. Our Privacy Matters.

MAHLE acquires transmission specialist – evertiq.com

MAHLE is taking over the transmission specialist ZG-Zahnräder und Getriebe GmbH, based in Eching, near Munich in Germany. With this step, the technology group is further developing its competence in the entire powertrain. Through the acquisition of ZG-Zahnräder und Getriebe GmbH, MAHLE is expanding its expertise in the powertrain as a whole to include the… Continue reading MAHLE acquires transmission specialist – evertiq.com

Waymo plans to open a self-driving car factory in Michigan

Waymo and Magna plan to build thousands of self-driving cars at a factory in southeast Michigan, including autonomous versions of the all-electric Jaguar I-PACE and Chrysler Pacifica Hybrid minivan. Waymo, the former Google self-driving project that spun out to become a business under Alphabet, announced Tuesday that the Michigan Economic Development Corporation voted to approve… Continue reading Waymo plans to open a self-driving car factory in Michigan