(Source: Reuters) – Tesla Inc (TSLA.O) is a leader in electric vehicle battery technology, but the company doesn’t do all its own research.
Tesla Chief Executive Elon Musk has reached out to battery experts clustered at Dalhousie University in Halifax, Nova Scotia. Tesla in 2016 agreed to fund a group of scientists led for the past 24 years by Jeff Dahn, a pioneer in lithium-ion battery development.
The work with Dahn’s team is now playing a key role in Tesla’s plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China by early next year. The goal is to bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid.