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Tesla

Panasonic sells stake in long-term partner Tesla for $3.6 billion

Tue, 07/13/2021 - 08:53 -- Paul Crompton
Panasonic cells and Tesla car

Tesla’s lithium-ion battery maker Panasonic has sold its entire stake in the US electric vehicle OEM for almost $3.6 billion, reports Japanese business news outlet Nikkei.

Panasonic has said the sale will pay for its $7 billion acquisition of artificial intelligence software developer Blue Yonder, reported Nikkei.

Panasonic bought 1.4 million Tesla shares for about $30 million in 2010. Those stocks rose to $730 million at the end of March 2020, and by 24 June closed at $679.82 apiece.

Japanese firm Panasonic has been a long-term supplier of batteries to Tesla.

Last year, the pair signed a three-year pricing deal relating to the manufacture and supply of 2170 lithium-ion battery cells manufactured at its gigafactory in Nevada, US.

Panasonic said it would increase the energy density of its 2170 cells by 20% within five years and commercialise a cobalt-free version within three years.

The stock sell-off came in the same week China battery maker CATL extended a battery supply deal with Tesla to 2025.

Tesla entered into a partnership with South Korea’s LG Chem and China’s CATL in January 2020 as it looked to secure a lithium-ion battery supply for its electric cars at its Gigafactory 3 plant in Shanghai.

CATL signed a two-year battery supply agreement with Tesla, with the US firm determining the battery purchase volume, last July.

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Tesla air quality fine as authority notes 33 violations at Fremont plant

Wed, 05/19/2021 - 09:06 -- Paul Crompton
Electric vehicle and energy storage firm Tesla must pay a $1 million fine over air quality violations at its manufacturing plant in Fremont, California, US.

Electric vehicle and energy storage firm Tesla must pay a $1 million fine over air quality violations at its manufacturing plant in Fremont, California, US.

The fine from the Bay Area Air Quality Management District (Air District) includes Tesla having to install a solar roof project and implement a comprehensive environmental management system at the plant.

Tesla must also fund a community microgrid, pairing a two-powerpack storage system with up to 160kW solar electric system. 

The settlement covers 33 notices of violation that the Air District issued to Tesla. 

The violations included: emissions exceeding Tesla’s permit limits, installing or modifying equipment without proper permits, failure to conduct required emissions testing, failure to maintain records and failure to report information to the Air District in a timely manner. 

Jack Broadbent, executive officer of the Air District, said: “This settlement requires Tesla’s compliance with Air District regulations at its Fremont facility and demonstrates the Air District’s continuing efforts to ensure strict compliance with air pollution regulations, while seeking mutually beneficial solutions for the community.

“As part of this settlement, Tesla has agreed to implement a community microgrid project, which leverages the company’s technological expertise in developing next generation power here in the Bay Area.” 

The comprehensive environmental management system will track all applicable environmental requirements and ensure that the company’s managers are trained on what is needed to comply with them. 

This environmental management system is designed to ensure that Tesla remains in full compliance going forward. 

Tesla has already begun implementing such a system, but today’s settlement agreement will make this a legally binding and enforceable commitment. 

All the violations that led to this settlement have been corrected and are back in compliance. 

Last November, BEST reported how a report filed to the US Securities and Exchange Commission for the quarterly period ending 30 September, 2020, showed Tesla’s subsidiary in Germany has been ordered to pay a €12 million ($14 million) fine imposed by the Umweltbundesamt (the German Federal Environment Agency) for alleged non-compliance of ‘take-back obligations with respect to end-of-life battery products’. 

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Tesla secures five-year supply of lithium in deal with China’s Yahua

Mon, 01/04/2021 - 11:01 -- Paul Crompton

US electric vehicle (EV) maker Tesla has signed a five-year deal to receive battery-grade lithium hydroxide from China’s Sichuan Yahua Industrial Group. 

The total value of the contract, signed by Yahua's wholly-owned subsidiary Yaan Lithium, is $630-$880 million and lasts up to 2025, according to news outlet Reuters, which quoted a filing by the Shenzhen Stock Exchange.

The cost value translated into a total lithium hydroxide procurement amount of 63,000-88,000 tonnes, or 12,600-17,600 tonnes per annum, according to analysts at Daiwa Capital Markets.

Last May, Yahua commissioned a 20,000 tonnes per year lithium hydroxide plant in Yaan city into operation, more than doubling its previous capacity.

It already sources lithium - an ingredient in EV batteries - from China’s Ganfeng Lithium, one of the world’s top lithium producers.

In 2018, Tesla signed a deal to receive a fifth of China's largest lithium compounds producer, Jiangxi Ganfeng Lithium’s production. Under the terms of the agreement, Tesla also designated its battery suppliers to buy lithium-hydroxide products from Ganfeng.

In 2019, Ganfeng Lithium finalised a $160 million investment deal to raise its stake in Argentina’s Cauchari-Olaroz lithium brine project to 50%. Ganfeng Lithium now partners with Canada’s Lithium Americas in a 50-50 joint venture that will develop and operate the project.

Panasonic to boost energy density and develop cobalt free 2170 lithium-ion cells

Fri, 08/14/2020 - 09:53 -- Paul Crompton

Tesla’s long-term battery partner aims to increase the energy density of its 2170 cells by 20% within five years and commercialise a cobalt-free version within three years.

The bold claims by the head of Japan’s Panasonic’s US EV battery business, Yasuaki Takamoto, were reported by global news agency Reuters.

 

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Report outlines Tesla’s ‘secret’ Roadrunner lithium-ion battery plans for California

Wed, 07/01/2020 - 12:01 -- Paul Crompton

Tesla is planning to expand manufacturing capacity at its Freemont, California, facility to develop more ‘effective’ lithium-ion batteries and more efficient manufacturing technology.

Plans given to Freemont government back-up rumours of the US firm’s Roadrunner project that will support manufacturing, R&D operations— including cathode making— and the final step in cell manufacturing.

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Tesla signs three-year pricing and purchase volume deal with battery cell maker Panasonic

Wed, 06/24/2020 - 11:17 -- Paul Crompton

Tesla has signed a three-year pricing deal with Japan’s Panasonic Corp relating to the manufacture and supply of 2170 lithium-ion battery cells manufactured at its gigafactory in Nevada, US.

The electric vehicle and energy storage system maker made the announcement on 10 June.

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Mining and battery recycling firm AMBC hires former Tesla chemical engineer

Thu, 04/16/2020 - 11:54 -- Paul Crompton

Mining and lithium-ion battery recycling technology firm American Battery Metals Corporation (ABMC) has hired former Tesla engineer August Meng as its principal chemical engineer.

Chemical engineer Meng specialises in the design and development of thermochemical conversion based systems throughout the renewable energy and lithium-ion battery sector.

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Tesla in talks with CATL to use cobalt-free lithium-ion batteries in its China-made cars

Thu, 02/20/2020 - 14:40 -- Vic
Tesla lithium-ion cell- Simon Rudolf

Tesla is in advanced stages of talks to use cobalt-free lithium-ion batteries from Contemporary Amperex Technology Co Ltd (CATL) in cars manufactured at its China gigafactory.

If true, it would be the first time the US-based vehicle OEM has used lithium iron phosphate (LFP)— that omit the costly and controversial material— batteries in its lineup.

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Tesla side-steps long-term lithium-ion cell supplier to partner with LG Chem and CATL for its Gigafactory 3

Fri, 01/31/2020 - 10:32 -- Paul Crompton

Vehicle and energy storage firm Tesla has entered into a partnership with South Korea’s LG Chem and China’s CATL as it looks to secure a lithium-ion battery supply for its electric cars at its Gigafactory 3 plant in Shanghai.

Rumours that Tesla would move from its exclusive cell supplier Panasonic to meet demand at the China Gigafactory 3 first surfaced last August.

*UPDATE* CATL confirmed in a stock exchange filing on Monday, 3 February, it had signed a two-year battery supply agreement with Tesla, with the US firm determining the battery purchase volume. The deal starts this July and closes June 2022.

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Tesla and Glencore remain tight-lipped over cobalt supply deal for China gigafactory

Thu, 01/16/2020 - 14:55 -- Paul Crompton

Electric vehicle OEM Tesla has been in talks with Glencore in a bid to secure a cobalt supply chain for lithium-ion battery packs used at its China gigafactory, according to reports.

Swiss firm Glencore has been in negotiations for a long-term contract to ship cobalt to Tesla’s electric-vehicle factory in Shanghai, according to news outlet Bloomberg.

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