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Nissan Won't Build Its Own Electric Car Batteries Anymore (cnet.com)
An anonymous reader shares a report: Balancing every single task by oneself, instead of getting some help, can break a person down in record time. That's likely why Nissan has decided to step away from manufacturing batteries for its electric vehicles. Nissan announced on Tuesday that it would sell its battery-manufacturing subsidiary, Automotive Energy Supply Corporation (AESC), to the Chinese investment firm GSR Capital. "This is a win-win for AESC and Nissan. It enables AESC to utilize GSR's wide networks and proactive investment to expand its customer base and further increase its competitiveness," said Hiroto Saikawa, president and CEO of Nissan, in a statement. "In turn, this will further enhance Nissan's EV competitiveness. AESC will remain a very important partner for Nissan as we deepen our focus on designing and producing market-leading electric vehicles."
These type of batteries are going to be a low margin commodity.
In the meantime, Tesla is burning through cash for its operations. It just issued bonds that being rated in the low Bs.
It has two more years to get market share and after that, the big boys are coming in at full strength.
Tesla's future is hardly a guaranteed success. But, Tesla's stock doesn't trade on fundamentals: just pie-in-the-sky dreams. Dreams created by Elon's publicist. It's amazing how techies who can be so skeptical and rational throw it all away when it comes to the cult of Musk.
It's exactly how religious people think - hence the use of the word cult.
Annual US car production is under 4 million units. Tesla Model 3 production is scheduled to hit 500k next year. That's what people are investing in Tesla for. Because this is a big, big thing.
And that's just one year. So far Tesla has gotten a nearly 2 year waiting list without any advertising at all, without anyone being able to test drive it (or even know all the specs for most of that time), and with Tesla trying to anti-sell it to try to drive buyers to S and X instead (which they can actually get cash from today, rather than two years in the future). With advertising Tesla expects to raise the 500k to 700k (this will involve moving S and X motor production to gigafactory to free up space at Fremont). A couple years from now they'll also be introducing the Model Y crossover (crossovers being more popular than sedans). They also have a major electric semi truck project in progress, and are developing the Supercharger V3 to support it. After the Y and semi they're discussed a new Roadster, a pickup, and a lower-cost sedan.
Nobody is putting money into Tesla because of their current sales. They're putting money into Tesla because of how much pent-up demand there is for its vehicles - whether you happen to be part of that demand or not. Said investment money is to let them tool to convert demand into sales and thus profits. Talking about figures related to Tesla's current market share are just silly when they're in the middle of building a plant to increase the US's total car production by 28%.
He's really very... gentle... and fuzzy. We're becoming fast friends.
Nonsense. I have owned two Leafs, the batteries are great. Very low degradation even under extreme conditions - taxi companies doing multiple rapid charges every day and a 100% charge overnight, for 200,000 miles. They actually removed the "long life mode" 80% charge option from newer models because it was pointless, the 100% charge having no real effect on the battery pack.
They are passively cooled, but that's fine for the Leaf. You only need active cooling if you want to charge at >50kW or for longer periods than a 30kWh pack needs, or if you are drawing more energy than the Leaf does even brodering it. Again, taxi firms running the cars hard, charging them hard, demonstrates this.
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