Bring on the Tesla Battery Day and the conversion of the current Novonix MOU with Sanyo/Panasonic for Tesla into a supply agreement!Tesla Battery Day looms as rumours of new lithium-ion partnership emerges
JUNE 5, 20200 COMMENTS4 MINUTE READBRIDIE SCHMIDT
https://thedriven.io/2020/06/05/tesla-battery-day-looms-as-rumours-of-new-lithium-ion-partnership-emerges/
Market analysts say Tesla may be getting close to pinning down a date for the highly anticipated Battery Day, as rumours emerge of a new partnership with lithium-ion battery testing equipment supplier Novonix.
Battery Day was originally expected sometime in the first quarter of 2020, however was put back by CEO and co-founder Elon Musk to April, before being split into two events (one online and one face-to-face) on as yet undecided dates.
It is expected that a webcast event may be conducted in June.Tesla CEO and co-founder Elon Musk has promised a battery that will last one million miles (1.6 million kilometres), and in September 2019 Tesla’s head battery researcher Jeff Dahn of Dalhousie University in Canada published a paper outlining the significance of a single crystal cathode patent that would bring the promised battery significantly closer.
Then, Reuters reported that people familiar with the Tesla said that research and development of battery chemistry from Chinese battery maker CATL and Tesla’s battery research team would bring the cost of electric car batteries below $US100/kWh, the magical number that analysts say will make electric cars as cheap to make as petrol and diesel cars.
Wedbush analysts Dan Ives and Strecker Backe think that day may be looming, telling clients in a note published on Monday that Tesla is getting closer to announcing the million-mile battery,” it was reported by Business Insider.“In our opinion this battery technology will be very advanced, potentially last for decades, withstand all types of weather/terrain, and be another major milestone for the Tesla ecosystem,” Ives and Backe were quoted as saying.
“In theory, this battery will support an electric vehicle for 1 million miles and be a major step forward when competing vs. traditional gasoline-powered automotive competitors from both [a return-on-investment] and environmental perspective.”“Another linchpin to Tesla’s battery innovations and the Street’s focus of the upcoming Battery Day will be reducing battery production costs to the key $100/kWh threshold, as this would give Tesla much more financial flexibility around pricing on current and future EV models with price parity,” Ives and Backe said in the Monday note.
Meanwhile, rumours of another partnership riding on the back of new battery research described in a paper published in Cell in May has been reported by Australian stock site Small Caps.According to Small Caps, share values of li-ion battery materials and testing pioneer Novonix have skyrocketed following rumours that Novonix may announce a partnership with Tesla, jumping 9.35% on Thursday to close at 0.76c.Novonix, a publicly listed company on the Australian Stock Exchange, currently supplies battery testing equipment to the likes of Apple, Microsoft, GM, Panasonic – and Tesla.
Tesla & GM 1Million Mile Battery - NVX to supply Graphite, Electrolyte & Cathode, page-83
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