xcel
05-23-2007, 12:34 PM
San Carlos Start-up Tesla eyes rising market. (http://www.mercurynews.com/drive/ci_5956932?nclick_check=1)
http://www.cleanmpg.com/photos/data/501/New_Think_city.JPG Matt Neuman - Mercury News - May 22, 2007
Think will introduce the second generation of its Think City EV later this year.
Tesla Motors, the Silicon Valley electric car start-up, intends to announce today that it has created a new division to sell batteries, and that it has taken a $43 million order.
Think, a Norwegian maker of electric cars, will buy lithium-ion battery packs from the Tesla Energy Group. The deal will bring Tesla $3 million this year and $40 million in 2008, said Darryl Siry, a spokesman for the San Carlos company.
While the new division's primary focus is to develop and make battery packs for Tesla's vehicles - a two-seat roadster that goes into production this fall and a four-door sedan due later this decade - "the (battery) market is huge and growing," Siry said. "The question is, what share of that market can we get?"
Tesla said Bernard Tse will head its Energy Group. Tse founded and was chief executive of Wyse Technology, and is a former Tesla board member.
In a blog scheduled to go live today, Tesla Chief Executive Martin Eberhard describes how his company went through seven generations of design to produce its Energy Storage Systems, or "large lithium-ion battery packs made from small, commodity cells." Word got out that Tesla's battery packs are "pretty darned good," Eberhard writes, and the company was approached by Jan-Olaf Willums, president of Think … http://www.mercurynews.com/drive/ci_5956932?nclick_check=1
http://www.cleanmpg.com/photos/data/501/New_Think_city.JPG Matt Neuman - Mercury News - May 22, 2007
Think will introduce the second generation of its Think City EV later this year.
Tesla Motors, the Silicon Valley electric car start-up, intends to announce today that it has created a new division to sell batteries, and that it has taken a $43 million order.
Think, a Norwegian maker of electric cars, will buy lithium-ion battery packs from the Tesla Energy Group. The deal will bring Tesla $3 million this year and $40 million in 2008, said Darryl Siry, a spokesman for the San Carlos company.
While the new division's primary focus is to develop and make battery packs for Tesla's vehicles - a two-seat roadster that goes into production this fall and a four-door sedan due later this decade - "the (battery) market is huge and growing," Siry said. "The question is, what share of that market can we get?"
Tesla said Bernard Tse will head its Energy Group. Tse founded and was chief executive of Wyse Technology, and is a former Tesla board member.
In a blog scheduled to go live today, Tesla Chief Executive Martin Eberhard describes how his company went through seven generations of design to produce its Energy Storage Systems, or "large lithium-ion battery packs made from small, commodity cells." Word got out that Tesla's battery packs are "pretty darned good," Eberhard writes, and the company was approached by Jan-Olaf Willums, president of Think … http://www.mercurynews.com/drive/ci_5956932?nclick_check=1