SolarCity (NASDAQ:SCTY) and Tesla Motors (NASDAQ:TSLA) are natural partners, especially because Elon Musk happens to be the biggest shareholder of both companies. But there’s also another natural tie between the companies: SolarCity’s effort to democratize energy production has a growing need for Tesla Motors’ ability to store energy.
And it was recently uncovered by GTM Research that SolarCity has grand plans for Tesla Motors batteries in 2016.
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Late last year, General Motors (NYSE:GM) inadvertently set off a mild media storm (well, at least within the EV community) when it explicitly stated that its EV battery cell costs were already as low as $145/kWh. The large automaker touted that tidbit in a slide deck during its Global Business Conference.
Battery partner LG Chem was not amused though, since $/kWh is an incredibly important number that companies like to keep proprietary due to competitive sensitivities. In disclosing the actual figure, LG Chem’s other customers might start trying to negotiate favorable pricing as well, since other customers were reportedly paying over $100/kWh more than General Motors.
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