Israel based battery startup StoreDot has partnered with electric vehicle company Polestar (NASDAQ: PSNY) to develop a rapidly charging silicon based battery.
If you are wondering why every legacy automaker is seemingly acting bizarre and illogical, this is why.
What happens when every car on that list casually does 300HP with 1000 mile range? With innovations in battery and fabrication (i.e. gigacasting), will EVs be more difficult or significantly easier to develop than ICE? What happens to profit margins then?
The past 100 years have no hold over the future 10.
Mass production is still a huge hurdle for startups and a reason legacy automakers won’t be going away anytime soon. You can get some engineers and fabricators together to develop a new EV, but they’re going to need massive investments that can withstand several years of losing money to get it off the ground and produce any meaningful number of vehicles.
If you are wondering why every legacy automaker is seemingly acting bizarre and illogical, this is why.
What happens when every car on that list casually does 300HP with 1000 mile range? With innovations in battery and fabrication (i.e. gigacasting), will EVs be more difficult or significantly easier to develop than ICE? What happens to profit margins then?
The past 100 years have no hold over the future 10.
Mass production is still a huge hurdle for startups and a reason legacy automakers won’t be going away anytime soon. You can get some engineers and fabricators together to develop a new EV, but they’re going to need massive investments that can withstand several years of losing money to get it off the ground and produce any meaningful number of vehicles.