Tesla Explores StoreDot Tech, Mexico Gigafactory Start Date Said To Slide
claims that Tesla is taking a look at StoreDot XFC battery technology. While there is no suggestion of a merger, acquisition, joint venture, or collaboration between the two companies, Tesla is always interested in new technologies that may enhance the performance of its electric vehicles or how to manufacture them more competitively. That sort of curiosity led to it purchasing Maxwell Technologies in 2009.
The intensive independent testing program covered energy density, charging rate, operating conditions, and cycling. The results corroborated a sector-leading energy density of 300Wh/kg and 1000 consecutive XFC cycles for StoreDot’s proprietary technology, which uses existing manufacturing equipment. The tests proved that the StoreDot technology exceeded the performance of all other battery solutions.
Several suppliers have said Tesla has told them that if they fail to get local production up and running in Mexico by 2025, it will not only be difficult to get a Giga Mexico order in the future but orders for other Tesla plants could also be lost. According to one supplier, the production costs for the same component in Mexico are about 15% higher than in China. This means that the purchase price for Tesla would be around 18% to 20% higher.
“There are a lot of possibilities where some older suppliers that used to make components for combustion cars will transition to electric. There are going to be a lot of possibilities for companies from all over the world coming to Mexico, joining us, and creating also talent that could innovate internally to help us continue growing,” he said.
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