From Torque News.
I am about to tell you about a Nordic upstart, which aims to leapfrog Tesla and other battery rivals with lower cost, high-tech semi-solid cell. There is no direct benefit to Tesla, however, since both companies are involved in battery production, it’s possible that they could have a business relationship in the future. It’s unclear whether Freyr intends to sell batteries to Tesla, but it’s not uncommon for companies in the same industry to collaborate or compete with each other.
Hey everyone, welcome back to our TorqueNews.com Youtube show! Today we’re talking about batteries, but not just any batteries. We’re talking about a Norwegian startup called Freyr that’s looking to compete with big names like Tesla and GM in the race to develop cheaper and more efficient batteries for electric vehicles and energy storage.
Freyr is using a new technology called “SemiSolid” lithium-ion cells to produce batteries that are easier and cheaper to manufacture, and more energy-dense than traditional batteries. They’re even planning to have two multibillion-dollar plants up and running by 2025!
But how does Freyr stack up against the competition? Well, they’ve got some stiff competition from big players like Tesla and GM, but they’re confident that they can produce batteries at a lower cost than anyone else. According to Freyr CEO Tom Einar Jensen, their production process is so efficient that they can cut costs by 25% compared to conventional battery production.
But what does this mean for Tesla? Could Freyr potentially sell batteries to Tesla? It’s possible, but for now, Freyr is focusing on energy storage and commercial vehicle markets rather than battery-powered passenger vehicles. But who knows? Maybe in the future we’ll see Freyr batteries in Tesla cars.
This is Armen Hareyan from Torque News. Please follow us at https://twitter.com/torquenewsauto on Twitter and https://www.torquenews.com/ for daily automotive news.
Reference
Forbes https://www.forbes.com/sites/alanohnsman/2023/03/30/a-nordic-upstart-aims-to-leapfrog-tesla-and-other-battery-rivals-with-a-lower-cost-high-tech-cell/
Torque News Tesla: https://www.torquenews.com/video/tesla-may-end-buying-semi-solid-batteries-new-nordic-upstart
