Tesla Motors Inc (TSLA) To Collaborate With Bayerische Motoren Werke AG (BMW) Over Parts and Standardized Battery Technology

Tesla Motor (TSLA)

Tesla Motors Inc (NASDAQ:TSLA) has announced it is in discussions with German automaker Bayerische Motoren Werke AG (ETR:BMW) for possible collaboration regarding car parts and batteries. An earlier report by Reuters, citing an interview of Tesla CEO Elon Musk with Der Spiegel, a German weekly, related that alliance is being sought in areas of lightweight components along with batteries. In particular, the report continues, Musk is impressed with BMW’s use of carbon filters as a reinforcement for car body parts. BMW specifically uses reinforced passenger cell parts in its production of i8 hybrid plug-in sports car as well as i3 electric hatchback. Although no details of collaboration were obtained further, Musk noted that talks focus on charging stations and battery technology.

Tesla Motor (TSLA)

Early in June this year, Tesla Motors Inc (NASDAQ:TSLA) already held talks with Bayerische Motoren Werke AG (ETR:BMW) and Nissan Motor Co Ltd (ADR) (OTCMKTS:NSANY), with the car makers seeking a way to standardize power charging technology as a strategy for boosting sales. Currently, different electric car models have different power needs, with each requiring a different charging platform. A Tesla S, for instance, can’t charge using the charging platform of a Nissan Leaf, and vice versa. The move among leading car makers to standardize electric car  charging networks came after Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk said he intends to make public the patent for his company’s electric cars as a way of promoting low carbon emissions.

An earlier report this year by the Financial Times noted consumers’ inconvenience when it comes to charging of electric vehicles, with each model having different requirements on  chargers, plugs, and power ratings depending on brands as well as the consumer’s specific locations. The same report cites Tesla Motors Inc (NASDAQ:TSLA) as hoping that the consent for the unrestricted use of its patents will create a way towards a standardized technology platform

This article has been written by Nonito Guntan.

Tesla Motors Inc (NASDAQ:TSLA) Backs Down on $500M Demand of State Money for Gigafactory, State Incentive Plan Prevails

Bayerische Motoren Werke AG (BMW) Worried About Slowing Growth Rate And Demand In China

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

Related posts

*

*

Top

Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now