You would have to think that ship sinking will be yet more pressure for the major battery manufacturers to test and verify the transition to new battery technology in absolutely painstaking detail - it is apparent that this is an area where normal best practice engineering may simply not be enough to avoid swingeing losses and reputational damage.
The Samsung Galaxy Note 7 fires some years back are estimated to have cost the company more than 5B in lost profits, Tesla fires are an ongoing embarrassment to the company (I have not idea if this is really a fundamental problem or just the inevitable result of focusing a microscope on the inevitable long tails of circumstance) and now the ship fire will again emphasize how perfectly everything must dovetail together to ensure an acceptable result.
Imagine the assurances and premiums the insurers are now going to insist on!
We may have an incredibly bright future to offer the battery industry but expect any deals to go excruciatingly slowly as all due diligence is done by the increasingly gun shy companies.
GLTAH.
ADO Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
