According to foreign media reports, former chairman of Intel, Andrew Grove (Andrew Grove) has urged the current CEO Paul Otellini (Paul Otellini) to consider the formation of a new joint venture, the production of batteries for electric vehicles.
Grove, now 72 years old, retired from Intel in 2005, but still served as Intel’s adviser. He pointed out that to start the battery production is not only one way to achieve business diversification, but also in the car manufacturers are shifting to the production of electric vehicles circumstances, lay the strategic foundation for Intel.
If the car manufacturers are really shifting to the production of electric vehicles, it will need a lot of batteries, and the present United States has almost no relevant capacity. Industry experts warned that BYD, Panasonic and Sanyo Electric and other Chinese and Japanese companies have been doing a good job of leading the preparation of this emerging industry.
It is not clear whether it will adopt Intel’s high-Grove’s proposal. Otellini declined to comment, but an Intel spokesman said the company has passed Intel’s investment arm of the battery-related companies to invest. The spokesman said: “We believe that battery technology is very important, but whether more action is not currently possible to say.”
With the other companies affected by the economic downturn, like Intel may also be more inclined to preserve cash reserves. Last month, Intel forecast its fourth-quarter sales, compared with the previous quarter will be down 12%.
Grove said that Intel’s “strategic objective is to deal with major issues and put them into a big business.” He believed that, as of September 30 has been more than 2 million in cash and investments of Intel’s ability to find not only improve the battery technology, but also ways to drive down associated costs.
Many experts said that production problems may limit the battery-electric vehicle industry growth. California Electric Power Research Institute (Electric Power Research Institute) is a researcher Mark Wall (Mark Duvall), said: “Battery is undoubtedly the greatest impediment to production of electric vehicles, but also the most expensive component.”
Many U.S. companies have entered the lithium-ion battery market, hopes to become a supplier of automotive manufacturers. General Motors is working with A123 Systems to develop a battery, as early as possible in 2010 put into use, but also to cooperate with a Korean company. Hewlett-Packard laptop battery providers Boston Power and the Dell INSPIRON 9400 Battery maker Valence Technology is also planning to produce electric vehicle batteries
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