Dahn to Cut Lithium-Ion Battery Cost

Dahn to Cut Lithium-Ion Battery Cost Welcome to a Laptop AC Adapter specialist of the Agilent Battery
Tesla Motors, Inc. (TSLA - Analyst Report) has joined forces with Jeff Dahn, a well-known developer of lithium-ion batteries, to reduce battery costs, according to sources. Per the deal, the electric automaker will sponsor Dahn's research endeavors.
The company said that the costs of its batteries need to be reduced so that it can offer vehicles at lower prices. Tesla is the largest user of lithium-ion batteries in the world. The cost of production for a battery that supports the 85-kilowatt-hour Model S sedan ranges between $20,000 and $25,000.
In addition to making technological improvements, Tesla intends to lower its battery with like Tektronix Y350C Battery, Tektronix Y400 Battery, Rohde Schwarz FSH626 Battery, Rohde Schwarz FSH-Z32 Battery, Rohde Schwarz FSH6 Battery, Rohde Schwarz FSH18 Battery, Rohde Schwarz FSH3 Battery, Biocare ECG-9803G Battery, Biocare HYLB-114A Battery, Aspect 185-0152 Battery, Aspect 186-0208 Battery, Aspect VTI 14564 Batterycosts by processing lithium, cobalt, graphite and nickel within the proposed Gigafactory. This is expected to reduce the costs of batteries by 60%.
Jeff Dahn will start working with Tesla after completing his current project with 3M Company (MMM - Analyst Report). Through his research, Dahn will attempt to add voltage to batteries without hampering their longevity.
Dahn is the head of the Jeff Dahn Research Group. He is also a professor of physics and chemistry at Dalhousie University in Halifax, Canada, and a consultant for companies including 3M Company, Intel Corporation (INTC - Analyst Report), Rayovac and Medtronic PLC MDT. He is popular for innovating lithium-ion batteries which are similar to the batteries used by Tesla in its Model S. He also patented a nickel-cobalt-manganese chemistry for battery cathodes that is now regularly used in the industry.
In order to deal with the shortage of lithium-ion batteries, Tesla is building a Gigafactory in Nevada. The company intends to produce these batteries here in collaboration with various partners. By 2020, the automaker expects the annual lithium-ion battery production of the Gigafactory to exceed the global production of 2013. The factory will produce enough battery packs to allow Tesla to build around 500,000 electric cars by 2020. It will also reduce the ‘per kWh’ cost of production of battery packs by over 30%. The automaker expects the factory to provide economies of scale and reduce production costs based on innovative manufacturing techniques, reduced logistic wastes, optimization of co-located processes, and lower overhead costs.
Currently, Tesla carries a Zacks Rank #4 (Sell). PACCAR Inc. (PCAR - Analyst Report), carrying a Zacks Rank #2 (Buy), is a better-ranked stock in the auto industry.