China wants to import more energy storage systems and parts, Tesla becomes a big winner

On January 16, according to foreign media reports, according to the China-US trade agreement signed on Wednesday, China will import more energy storage systems and components from the United States this year and next, and electric vehicle maker Tesla is expected to become one of The biggest winner.

According to data from BloombergNEF, Tesla's Nevada super factory is by far the largest battery factory in the United States, accounting for 42% of US battery production. In the United States, no other manufacturer can match Tesla's battery capacity.

In addition to its advantages in capacity, Tesla has spared no effort in developing battery technology. In 2019, Tesla acquired California's Maxwell Technologies and Canada's Hibar Systems, respectively, hoping to improve the life and efficiency of its batteries.

Among them, Maxwell has developed dry electrode technology that can store a large amount of charge without losing energy. Prior to being acquired by Tesla, Hibar was also working on the production of high-efficiency lithium-ion batteries.

Tesla CEO Elon Musk has long wanted to equip vehicles with a battery that can reach a life of 1.6 million kilometers. After gaining knowledge from Dalhousie professor Jeff Dahn to help develop the system, researchers at Nova Scotia College believe that this is not out of reach.

Perhaps, using the expertise of Maxwell and Hibar, researchers such as Dan can find ways to improve battery performance. In the long run, as Tesla develops battery systems directly in-house, the company's efforts to sign contracts with metal miners will reduce battery production costs.

According to people familiar with the matter, Tesla is negotiating with Swiss mining company Glencore to sign a strategic agreement to ensure that sufficient cobalt is provided to its Shanghai plant, which is a key component in the manufacture of lithium-ion batteries.

Although most of Tesla's batteries are used in electric vehicles, the company is also working to expand its business and make large battery packs that can be used for large-scale grid storage.

BloombergNEF's data shows that by far China is the world's largest battery producer and its plant is capable of producing 275,560 MWh of batteries. Although the United States ranks second, its production capacity lags far behind China, at approximately 33,116 MWh. (Little)