Dow Kokam Aquires MAHY E-Cell Assets From Hyundai/Magna

JAN 25 2014 BY MARK KANE 5

XALT Energy equipment

XALT Energy equipment

XALT Energy cell

XALT Energy cell

XALT Energy is the new name for Dow Kokam lithium-ion battery manufacturer, which recently was abandoned by Dow Chemical Company and taken over by the Townsend Ventures via MBP Investors.

Now, XALT Energy acquired MAHY E-Cell— a company focused on developing battery packs—from Magna International and Hyundai Heavy Industries:

“XALT Energy, LLC (formerly known as Dow Kokam) has acquired the assets of MAHY E-Cell, a joint venture between Magna International of America, Inc., a subsidiary of Magna International Inc. (Magna) of Canada and HHI Battery Co, Ltd., a subsidiary of Hyundai Heavy Industries (HHI) of South Korea.”

In exchange, MAHY E-Cell shareholders took shares of XALT Energy, so this is actually some kind of merger.

Many movements are going on now in the battery industry and XALT Energy has increased the number of jobs at the Midland Battery Park (Midland, Michigan) by more than 10% in the past six weeks with plans for more hirings soon. Maybe this is a sign of change in the li-ion battery industry?

Source: Green Car Congress

Categories: Battery Tech, General

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5 Comments on "Dow Kokam Aquires MAHY E-Cell Assets From Hyundai/Magna"

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Anybody trying to achieve anything in the automotive traction battery business needs to ask himself: can I beat Tesla’s industry leading battery cost? Not easy since that cost is rumoured to be at $200/KWh now and could be way lower than that a few years down the line when the mega factory becomes operational.

Of course there is other parameters where one could have a competitive advantage like power density for those aiming at the hybrid market but for those aiming at the BEV market Tesla is the one to watch.

Tesla may have good cost per kwh, but their batteries are useless in cars like the Leaf or Volt. They have made a trade-off of power density and cycle life in order to get the higher capacity. This only works for them because their battery pack is so large that it negates both issues.

I see the big business in the future for plug-in hybrids with smaller battery packs. These smaller packs will need better cycle life (in excess of 2,000+) and power density.

On another note, Magna International makes the Ford Focus Electric. Do they also supply the batteries? I’ve wondered if Ford uses the same battery pack in the Energi models as they use in the Focus EV.

Dr. Kenneth Noisewater

Tesla may have good cost per kwh, but their batteries are useless in cars like the Leaf or Volt. They have made a trade-off of power density and cycle life in order to get the higher capacity. This only works for them because their battery pack is so large that it negates both issues.

Sounds more like Leaf and Volt have battery size adequacy issues. Seems Tesla’s design choice is paying off along multiple axes. And as Stalin might say, “Quantity has a quality all its own.”

@ David Murray: According to some estimates Tesla’s battery cost may drop as low as $120/KWh in the next few years. That’s the sort of cost that could give BEVs the edgeover plug-in hybrids which need high power density chemistries that don’t come anywhere near that cheap.

Also there is the packaging conundrum of plug-in hybrids to be considered. It’s not easy to get both great AER (which is what consumers want) and great interior space in a car that also needs to house an ICE with all its subsystems, a generator and a complex transmission system some where.

Focus EV uses cells from LG Chem, substantially similar to if not exactly the same as the Volt. I don’t recall hearing anything about the Energi batteries.