E-MOBILITY Tesla to develop own batteries in the future
The Tesla management announced their plans for its battery development. This decision emphasizes electric vehicle manufacturers' importance in developing future batteries themselves to meet their own models' requirements. Furthermore, access to the resources necessary for battery production is a relevant factor, which the manufacturers want to control more closely themselves.
Tesla CEO Elon Musk has recognized the importance of having access to both the next-generation battery technology and the raw materials needed to produce these batteries. The demand for electric cars is likely to rapidly exceed the number of battery required materials by these vehicles, even with new technologies aimed at reducing the number of battery materials needed.
This delay could limit the EV market's growth if not addressed, and this would harm Tesla. In contrast, it will also reward companies involved either in the production of the next generation of batteries or the supplies needed to make the batteries. Tesla indicated that its vision is for greater vertical integration and better control of its supply chains in the future. It could even invest in the production of battery metals such as lithium.
The Swiss company Blackstone Resources has already anticipated this development in its business model and has prepared itself for this market type. Blackstone sees the key to success in the battery market from battery metal to battery cell. The company has built a diversified portfolio of interests in battery metal mining, including both exploration and production projects. Two years ago, the company also launched its battery technology division and established a subsidiary, Blackstone Technology GmbH, with its new 6,000 m2 facility in Saxony, Germany, to gain access to automotive manufacturers' sites.
Tesla needs to improve the battery technology it currently uses
Many different companies are competing to bring the next generation of battery technology to the market. These companies are likely to beat Tesla in providing the next generation of technologies, including solid-state batteries and new advanced manufacturing techniques. For Tesla, this should be an issue of significant access to capital, and a targeted acquisition could quickly get it up and running.
Blackstone Resources has already developed and tested printed 3D batteries that offer significant battery density improvements, charge cycles, and cost. We have also developed technology to mass-produce these batteries in 2021 using our proprietary battery printing technology in any shape and form.
Battery metals will remain an essential component
Elon Musk believes that the next generation of batteries will use significantly fewer battery metals such as cobalt, but much more nickel and lithium, etc. In reality, demand for these metals should increase considerably if Tesla and other car manufacturers want to electrify their vehicle fleets.
Although battery metals can be saved considerably by better battery technology, the increase in demand will require more cobalt, nickel, manganese, graphite, and lithium as the sheer demand for new electric vehicles will still far outstrip supply. This is because significant car manufacturers are now starting to launch their first electric vehicles on the market. Many have plans to electrify their entire range of cars fully. There will undoubtedly be bottlenecks, and metal price increases.