IPO market is gaining momentum this year despite the ongoing global pandemic that has already hit a great number of industries.Its shares according to some Wall Street analysts might reach $3000 and above in the next five years.
Tesla plans to introduce an EV battery that will last one million miles later this year or early next, which it jointly developed with CATL.With an even higher density, these cells could help increase how much an EV can run on a single charge, while also paving the way for smaller batteries and roomier car interiors.Tesla CEO Elon Musk has long said he wants to move to zero-cobalt battery cells.To control safety risks associated with higher density and less cobalt, Panasonic is adjusting the composition and design for better thermal stability, Takamoto said.This is the first time Panasonic, a leading cell provider for the world's top electric vehicle (EV) maker Tesla, has outlined these targets, putting down a marker in a highly competitive sector to stay ahead of the game.CATL is supplying Tesla with low-cost lithium iron phosphate (LFP) batteries that contain no cobalt.He also noted there will be various battery requirements coming into play as EV usage diversifies.Panasonic has already cut cobalt content to under 5% in the NCA cathode and plans to improve its batteries in stages, its U.S. EV battery chief Yasuaki Takamoto told Reuters.Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, some still think the company’s shares are overrated, whereby they have even downgraded their expectations.“We’re about to take another leap forward,” said Panasonic Energy North America President Allan Swan.
That understands itself. From September, the firm will start converting lines at its factory in Nevada that it operates with Tesla as it prepares to further boost the energy density of the cells, Takamoto said.By doing so, you and %USER_NAME% will not be able to seeany of each other's Investing.com's posts.A cobalt-free version on the other hand would cut reliance on a costly and controversial component, which makes batteries stable but poses ethical issues given controversial labour conditions in top producer the Democratic Republic of Congo.Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.Tesla's Musk has promised to reveal significant battery advances during a "Battery Day" presentation scheduled for Sept 22. He did not name any companies.Are you sure you want to block %USER_NAME%?Panasonic introduced the "2170" lithium-ion cells, with the nickel-cobalt-aluminium (NCA) cathode chemistry, for Tesla's Model 3 in 2017. “It’s kind of exciting from the Panasonic perspective; we’re driving towards cobalt-free and we’re driving towards higher energy-dense batteries, which gives our customers a choice of how they want to utilize that.”You have successfully joined our subscriber list.Notably, Panasonic’s factories based in Japan have been producing the cylindrical lithium-ion “18650” cells, which are used to power Tesla’s Model S and Model X vehicles.It is not a surprise as the company has handled precious hurdles including the coronavirus market shock in the first quarter with much ease. Tesla Stock Falls on Panasonic Canceling Expansion Plans for Battery Factory Apr. TSLA stock is up today.The Future of Advertising TransactionIf the results are achieved by the set timelines, Tesla will continue stamping its EV market dominance and paving a way for the rest to follow.Whether or not the company delivers as promised, the news will greatly impact Tesla shareholders in the next three to five years, who will be waiting for the shares to rise.