Elon Musk, chief executive of electric car maker Tesla, has hinted, or almost confirmed, that the company is developing its own batteries using new technology it acquired from Maxwell, and even specializing in manufacturing them. Mining areas for these batteries.

　　Since Tesla claims to have the largest battery factory in the world, it would be easy to think that Tesla is already producing its own batteries, but this is not the case. Although Gigafactory 1 in Nevada is owned by Tesla, most of it is occupied by Panasonic, which has a battery production line there.

　　Tesla buys the cells from the Japanese supplier to make battery modules and assemble them in other parts of the same factory. At Tesla's 2019 shareholder meeting, Musk said that Tesla's product promotion is currently limited by the scale of battery production.

　　Musk said: "As we scale battery production to very high levels, we have to look further down the supply chain, and we may enter the mining industry, at least there is a possibility. We do everything we can to make sure that we can do it in the best possible way." Scale up quickly.”

　　Tesla has become increasingly involved downstream in the supply chain by striking deals directly with mining companies. When it comes to battery production, Musk said he "didn't want to give away too many secrets."

　　JB Straubel, Tesla's chief technology officer and Tesla's leading battery expert for some time, added: "We need battery production solutions at scale."

　　While neither Musk nor Straubel has explicitly stated that they will take over battery production and no longer rely on suppliers such as Panasonic, Tesla Vice President of Technology Drew Baglino added that they Hope to "take control of our own destiny" on this issue.

　　Additionally, Musk briefly mentioned the integration of battery technology recently acquired from Maxwell: "We think this is a really strategic acquisition. It's a very important technology that will have a huge impact on the cost and cost of battery production. Scale has a significant impact while reducing the cost and capital required to scale up battery production."

　　However, Musk did not want to comment further and said more news would be announced during Tesla's "Battery and Powertrain Investor Day" planned for the end of this year.

　　Some analysts believe that the possibility of Tesla entering the battery production field is very high. While Musk didn't outright say Tesla would make its own batteries, they dropped so many hints that they all but confirmed it.

　　At the annual shareholder meeting, Musk listed the two most important things to Tesla: batteries and fully autonomous driving. Tesla is already developing a fully autonomous driving system from scratch, so it’s no surprise that it’s involved in another important area for this purpose.

　　This would be a major development. Tesla is already the automaker most involved in battery production, but funding R&D and production of batteries will take their leadership to a whole new level, if the technology is as good as it sounds!

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