• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, July 11, 2026
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Tesla acquired Springpower International Patents for $3

by Meghana Kandra
May 5, 2021
in Business, Cars, Electric Vehicles, Manufacturing
Reading Time: 2 mins read
0
Springpower
TwitterWhatsappLinkedin

Springpower international established in 2010, has its website gone nearly blank as they sold their patents to Tesla. 

You might also like

Beyond Atlas: The Best AI Browser Alternatives You Can Use Today

OpenAI Shuts Down Atlas: Why the Company Is Betting on AI Everywhere Instead of Another Browser

Why EV Tires Wear Faster?

Tesla rumoured to gain access to cleaner cathode production
Image credits- Electrive.com

Tesla plans to develop a high-quality, Long lasting and dependable battery for electric vehicles.  Also, the battery cost while making an EV has always been a concern. Last year at the Tesla battery day event, Elon Musk assured that the battery costs will be cut by 50%. 

Tesla battery cell

The news about Giga Berlin’s six-month delay to start production was out recently. It was due to their added manufacturing segment, battery cell manufacturing facility. 

Elon Musk gave the Giga Berlin team six more months. However, there are doubts on whether the battery needs will be fulfilled. So far, Tesla has been utilizing its contacts with battery manufacturers. Furthermore, bought multiple small battery-making startups. But, it is said that Tesla is going to rely on Kato Road Facility in Northern California. And, the development and manufacturing of the new cheaper battery are to take place in this facility. 

However, there is still uncertainty about the German battery facility. As Germany’s regulatory processes take long, it could mean more time than expected for battery cell manufacturing to start. Also, it is uncertain whether this will be linked with their production of vehicles.

Alliances as patents are being transferred

Additionally, the three patents Tesla’s acquired are, 

  • Process for recovering materials from spent Rechargeable Lithium batteries.
  • Innovative process to produce cathode materials for rechargeable lithium-ion batteries. 
  • Method to produce cathode materials from spent rechargeable lithium batteries. 

These battery acquisitions have been going on since last year. Furthermore, it is known that Tesla battery cells will not just be Tesla. It will include Panasonic and LG Chem production. 

In February the reports on LG Chem building a pilot 4680 battery production quickly. With an aim to produce their own battery manufacturing lines they entered the project. Also Panasonic, though being an LG Chem rival is making a line production for Tesla.

Springpower shift to Tesla

The result from all the efforts is to achieve a battery that has 6 times more power and range than the existing battery capacity. Also, the price reduction has been included all along. 

Yang Liu, a previous employee from Springpower, came to Tesla as a Senior Research Engineer. And Amrita Bhogan who worked as Chemical Technologist at Springpower came to Tesla as a cell engineering technician. 

This transition is not new for Tesla. They acquired Hikaru systems (another Canadian battery marking company) to advance lithium-ion battery cells.

Tags: Elon MuskSpringpowerTeslaTesla battery
Tweet54SendShare15
Previous Post

₹20 Crore defamation case dropped by WhiteHat Jr.

Next Post

Microsoft removes flash from Windows 10

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

Beyond Atlas: The Best AI Browser Alternatives You Can Use Today

by Ishaan Negi
July 11, 2026
0
Beyond Atlas: The Best AI Browser Alternatives You Can Use Today

Artificial intelligence is rapidly changing the way we browse the internet. What was once a simple tool for opening websites has evolved into an intelligent assistant capable of...

Read more

OpenAI Shuts Down Atlas: Why the Company Is Betting on AI Everywhere Instead of Another Browser

by Ishaan Negi
July 11, 2026
0
OpenAI Shuts Down Atlas: Why the Company Is Betting on AI Everywhere Instead of Another Browser

For years, web browsers have been the gateway to the internet. Whether it's reading articles, shopping online, researching topics, or collaborating with colleagues, browsers have remained the starting...

Read more

Why EV Tires Wear Faster?

by Samir Gautam
July 10, 2026
0
EV tire wear faster

Electric vehicles have earned a reputation for being cheaper to run than conventional cars. They require less maintenance, eliminate oil changes, and deliver impressive performance with instant acceleration....

Read more
Next Post
Microsoft removes flash from Windows 10

Microsoft removes flash from Windows 10

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at - info@techstory.in

Aviator Game India 2026

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News OpenAI samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2025 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2025 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?