Showing posts with label Panasonic lithium ion batteries. Show all posts
Showing posts with label Panasonic lithium ion batteries. Show all posts

Thursday, June 15, 2017

Analysts Predict Tesla May Soon Have A Near Monopoly On Market For Electric Cars

Financial investment company Berenberg has completed an analysis of Tesla and concluded its stock, currently priced at about $380 per share, could surge another 30% in the next 12 months. In fact, the analyst team, headed by Alexander Haissl, claims the company could soon have a near monopoly in the market for electric cars.
Tesla Model 3 electric cars
Why are Haissl and his confreres so bullish on Tesla? Primarily because, among all the world’s automakers, Tesla is the only one fully committed to pushing the electric car segment forward. All the others are pursuing a “low risk, low investment” strategy that will ultimately leave them ill prepared to compete against Tesla.
In a note to investors this week, Haissl and his team wrote, “With no clear pathway to high-volume EV production for these OEMs before the mid-2020s, Tesla will be given a near-monopolistic opportunity to gain market share and out-compete the incumbent automotive industry.”
Tesla plans to invest almost $33 billion in electric vehicle projects over the next five years. That figure dwarfs what Mercedes and Volkswagen plan to spend over the same period. In fact it is 40% more than those two companies combined and nearly ten times what Ford’s former CEO Mark Fields said his company would spend before he was fired.
The analysts were also impressed by Tesla’s partnership with Panasonic. “Tesla/Panasonic continue to exhibit a clear advantage on cell and pack technology compared to all peers, on chemistry, cooling and cost. Tesla’s small and actively tube-cooled cells, which are not currently replicated and are unlikely to be so by competitors, drives significantly better residual values and cost-of-ownership advantages.”
Traditional car makers are taking a timid approach but, unlike Tesla, they are constrained by the requirement that they make money for their shareholders, whose eyes are on the next dividend check, not what might happen in the next decade. Tesla investors are focused on the rewards they expect to come in 5 to 10 years. That is a critical difference for the upstart automaker from Silicon Valley.
Source: CNBC

Thursday, September 4, 2014

Gigafactory Could Build $100 Per kWh Batteries

gigafactory

Tesla Motors has broken ground on a potential Gigafactory location in Nevada, and has signed on Panasonic as a partner in this multi-billion dollar deal. The Tesla Gigafactory is really happening, and a new report suggests that it could lower EV battery costs by even more than expected.
That’s the word from the Motley Fool, which took a look at where Tesla is, where it’s going, and what it has to do to reach that $100 kWh price point that would give EVs price parity with conventional cars. Elon Musk has been quoted as saying the Gigafactory would bring about a 30% reduction in battery pack costs, but lately that is being seen as a somewhat conservative estimate.
But because Tesla hasn’t publicly discussed the cost-per-kWh of their battery packs, it’s hard to say just how much the price has to come down to reach the $100 per kWh cost, though most estimates say that the battery pack currently costs about 25% of the MSRP of the Model S. That would put the 60 kWh battery pack in the range of $17,500, or nearly $300 a kWh; a 30% reduction would bring that down to $200 a kWh.
But Motley Fool says that the 30% price cut doesn’t figure in any battery advances that could happen in the next few years, and instead relies simply on the scales of economy to bring costs down. A battery breakthrough could further reduce Tesla’s costs, achieving price parity (or perhaps even undercutting) combustion cars.
Of course this is all based on a best-case scenario; any minor hiccups along the way could delay the hoped-for cost cuts, and Tesla Model III buyers likely won’t have the $7,500 tax rebate to count on either.
Can Tesla bring battery costs on par with petrol-powered vehicles, or is this more bullish Elon hype?


Source: Gas 2.

Sunday, August 3, 2014

Tesla Conference Call: Model X Demand, Gigafactory Site And Improved Battery Chemistry + Model S Drivetrain

Tesla Model S Debuts In Hong Kong In July (along with a couple of Supercharging Stations)
Tesla Model S Debuts In Hong Kong In July (along with a couple of Supercharging Stations)
On Thursday, Tesla reported 2nd quarter earnings that mostly beat analyst expectations, earning 11 cents a share (ex-items) on revenues of $858 million dollars while delivering 7,579 Model S sedans (full details on the report can be found here).
But historically, the real highlights happen on the conference call after the earnings are released – when CEO Elon Musk typically gives his candid view of how things are unfolding inside the company as well as his outlook to the future.
So without further adieu, here is our highlights from that call!

Guidance on 100,000 vehicle run by end of 2015

Production Heading to 100K
Production Heading to 100K By 2015′s End
The Tesla CEO was asked about the company’s 100,000 run rate projection by the end of 2015 and how much was coming from China, splits etc.
“We’re expecting that to be roughly split between the X and S. So we’re talking roughly 1,000 units a week of each.”
Mr. Musk also notes that looking at the wider demographics, SUVs are slightly outselling sedans in the wider market, and he expects that may also be the case for the Model X over the S at some point.

Worldwide Stores/Service Centers by end of 2015

The CEO notes that he is just “speaking off the cuff”, but expects “100 in China alone” and more than 300 worldwide

On Hydrogen/Fuel Cell Tech

Elon Musk:  Not A Fan Of The FCV
Elon Musk: Not A Fan Of The FCV
Often Elon Musk likes to give his opinion on hydrogen, so when the Morgan Stanley analyst asked him the question of why the industry seems to be pushing hydrogen so much, and if it was a “bs move” by CARB to rewrite EVs rules – or did they actually believe in the tech?  The CEO let it fly again:
“As you know, I am not the biggest proponent of hydrogen…but really if you take a theoretically optimal fuel cell car and compare that to a car in production – a battery electric car; on key metrics of mass, volume complexity, cost and refilling infrastructure, it’s just…it is a loss. So it’s the best case in our opinion, the best case fuel cell car  (and obviously the fuel cell cars are far from best case), cannot beat the current case electric car, so well why even try it?  That just makes no sense.  Success is not one of the possible outcomes.”
Follow up question from the analyst: “Why are they (CARB) doing this? That is why I asked if it’s BS. Is this just kind of a diversionary tactic or do you think they are just not up on what is up?”
“We are quite confused about this.”- Musk
“It does not make a lot of sense. I mean we didn’t even touch on the infrastructure challenges that hydrogen brings, but building out that infrastructure is substantially more expensive than building out any electric vehicle infrastructure.  And there’s almost none of it today.” - JB Straubel (Tesla CTO)
“…also another thing - hydrogen is an energy carrier not an energy source. So you have to create the hydrogen which is really inefficient because you would either have to crack a hydrocarbon or electrolyzed water” – Musk
“Yeah – which is super inefficient, and then hydrogen has very low density.  So if you are going to pick it as a chemical energy storage mechanism, the hydrogen is a terrible choice.  At least you know, methane, CH4 lock up the hydrogen with one carbon atom or something.

Quality and Model S Drivetrain

Given the recent scrutiny over some drivetrain failure/replacements in the Model S, you just knew the question ‘What’s up with that?’would be posed to the Tesla CEO
Tesla CEO Says Many Of The Drivetrain Replacements Where Unnecessary, But Where Done For Customer Coonvienence
Tesla CEO Says Many Of The Drivetrain Replacements Where Unnecessary, But Where Done For Customer Convenience
“We definitely had some quality issues in the beginning for the early serial number of cars, because we’re just basically figuring out how to make the Model S.  And I think we’ve addressed almost all of those early (? – garbled) production cars - I mean not all - but the vast majority have been addressed in cars that are being produced today.  And we’re also getting better at diagnosing what’s wrong, because in some cases we, particularly with respect to the drive unit, we think that something is wrong with the drive unit but it’s actually something wrong with another part of the car. And then we’d replace the drive unit and that wouldn’t solve the problem because the drive unit was not the problem.”
“…there’s a bunch of things like that which are just mis-diagnosis of the problems that we’ve obviously addressed.”
“There are a few items that will need – a fair number of drivetrains will need to be serviced.  It’s actually related to one (problem) to the differential, and we need to shim the differential. It doesn’t require drive unit replacement, it just requires a technician to insert a shim.  We are going to have to do that on a fair number of cars – but that is like a 50 cent shim. 
So it’s really;  I wouldn’t assume that there’s going to be some vast number of drivetrains that will need to replaced, but there is several service bulletins that we will be instituting, many of which we’ve already have to address the issue.”
After speaking about weekly quality control meetings, Mr. Musk was asked if he was happy with the quality control systems in place and his team.  To which the CEO said there had been some trouble, but that they were pretty much there now.
“I think at this point we’ve got a excellent quality control team…and we weren’t there in the beginning but I’m confident that we’re there now. I mean our aspiration is on the order magnitude better quality than any other car. And we will keep at it unrelentingly until we get there.”

Gigafactory:  Nevada, Ground-breaking

Even before Tesla’s disclosure of breaking ground in Nevada, the public had been made aware of the site’s existence and subsequentwork stoppage.  The question was posed to Mr Musk about the ‘why’ and if the company has a “drop-dead” date for being up and running.
Nevada Gigafactory Site(Photo via Bob Tregilus)
Nevada Gigafactory Site (Photo via Bob Tregilus)
“We have  essentially completed the pad, the construction pad for the Gigafactory in Nevada. So in terms of creating a flat pad and getting the rocky foundation that is substantially complete. There’s still a little bit of work ongoing.  We are going to be doing something similar in one or two other states - which is something I previously said we’d do because I think it makes sense to have multiple things going in parallel.
Before we actually go to the next stage of pouring a lot of concrete though we want to make sure we have things sorted out at the state level - that the incentives are there that makes sense,…But I do want to emphasize that Tesla is not going to go for a deal that is unfair to the state or unfair to Tesla. We want to make sure it’s compelling for all parties.   I think on the Nevada side, at this point the ball is on the court of the governor and the state legislature.”

Model X Demand

No Deliveries Of The Model X In Q1 of 2015, But High Production Levels Expected In The Spring
No Deliveries Of The Model X In Q1 of 2015, But High Production Levels Expected In The Spring
Knowing he is unlikely to get a straight numerical answer on Model X demand, the analyst from JP Morgan asks the Tesla CEO to put Model X backlogged orders in context of what the company was seeing with the Model S in 2012. And what the demos were as to location and if many already owned a Model S.
“I guess what is important to appreciate for the X, that, let’s just put the orders in context. There are no cars available for a test drive. There is no information about the cars in our stores because we are only selling the S.
In fact, if somebody comes in who wants to buy the X, we try to convince them to buy the S,  so we anti-sell it.  We don’t really provide all that much information or details about the car or provide a definitive date on when you can get it. Despite all that, there is huge demand from around the world for the X.  Now I think that actually people are right, even though they don’t …  really have enough information to know they’re right, but they are.”

Will Gigafactory Batteries Have A Different Chemistry?  Improvements?

Gigafactory Cells To Be A Little Bigger/Denser Than What Is In Use Today
Gigafactory Cells To Be A Little Bigger/Denser Than What Is In Use Today
“There are some improvements to the chemistry as well as improvements to the geometry of the cell -  so we would expect to see an energy density improvement, and of course a significant cost improvement.” – Musk
“The cathode and anode materials themselves are next generation, so I mean we’re seeing improvements in the maybe 10% to 15% range on the chemistry itself (energy density) – and then we’re also customizing the cell shape and size to further improve the cost efficiency of the cell and the  packaging efficiency.”   - JB Straubel (CTO)
“We’ve done a lot of modeling trying to figure out what’s the optimal cell size. And it’s really not much, it is  not a lot different from where we are right now, but we’re sort of in the roughly 10% more diameter; maybe 10% more height. But then since the cubic function effectively ends up being, just from a geometry standpoint, probably a third more energy for the cell,well maybe 30%ish - then the actual energy density per unit mass increases”
“Fundamentally the chemistry of what is inside is what really defines the cost position though. It’ is often debated what shape and size, but at this point we are developing basically what we feel is the optimum shape and size for the best cost efficiency for an automotive cell.” – JB Straubel (CTO)

Costing on the battery cells is further discussed, and Mr. Musk notes that he would be “disappointed if it took us 10 years to get to $100 a kilowatt-hour pack.”

Source: EV insider