To make its batteries cheaper and cleaner, Tesla discreetly bought many patents from a small Canadian startup, for a total of only $ 3!
Remember, on Battery Day in September 2020, Elon Musk promised to halve the price of Lithium-Ion batteries. To do this, the billionaire assured that this economy would be possible on condition of reinventing the complex and polluting process of manufacturing nickel cathodes .
If the goal is reached, Tesla would be able to offer an electric vehicle for less than € 25,000 within three years . However, and since the conference, the manufacturer has remained silent about these two projects. Only, and as explained to us by our colleagues from the TechCrunch site, the easiest way to lower the cost of batteries and make them more environmentally friendly would have been through SpringPower International.
$ 3 PATENT BRINGS TESLA OUT OF STALEMATE
It is a small Canadian startup specializing in batteries. Reporters recently learned that Tesla bought a number of SpringPower patents two weeks before Battery Day, for a total of just $ 3 . One of those patents describes in detail an innovative process similar to that presented by Drew Baglino, Tesla’s senior vice president of engineering, during Battery Day.
Note that during the conference, no mention was made about SpringPower. You see, the manufacture of cathodes for electric vehicle batteries generates large amounts of contaminated water – up to 15,000 liters containing ammonia, metallic particles and toxic chemicals for every ton of cathode material produced. .
SPRINGPOWER HAS QUIETLY JOINED TESLA’S RANKS
However, the SpringPower process completely revises the manufacturing process , precisely in order to avoid the costly treatment of this contaminated water. In the end, the process would reduce operating costs by around 75%, if we are to believe the statements of Drew Baglino during Battery Day.
However, and as TechCrunch assumes, it is now clear that Tesla did not settle for just buying patents from SpringPower . There are many indications that the manufacturer has simply bought SpringPower and its teams, although Tesla has never made a statement on this subject.
Indeed, several former SpringPower employees have updated their LinkedIn page to indicate that they are now working at Tesla. In other words, Tesla’s salvation could therefore come from the know-how of a small team of Canadian researchers , and a patent negotiated at $ 3. However, we will have to wait for possible statements from Tesla to know the real role of SpringPower in this affair.