The article “Battery Technology-Based Strategic Decisions of Electric Vehicle Firms-The Case of Tesla,” published in Highlights in Business, Economics and Management in 2023, delves into the advancements in the electric vehicle (EV) sector, spotlighting Tesla’s pioneering role in battery technology development.
It underscores Tesla’s strategic alignment with market management theories, detailing its decisions and sustainability impacts, alongside discussing EV industry trends. This context frames Tesla’s innovation in lithium-ion and lithium-iron phosphate batteries, central to the high performance of models like the Roadster, Model S, and Model X.
Integrating this perspective with Tesla’s focus on innovative battery technology reveals a deeper understanding of the company’s strategy. Tesla’s commitment to high-capacity energy storage systems, exemplified by the thousands of lithium-ion cells in its vehicles, not only facilitates remarkable performance and range but also showcases the company’s leading edge in battery technology.
Tesla’s meticulous approach to battery selection and management underscores its strategy to maximize energy density and lifespan, setting new standards in the EV industry.
This strategic emphasis on advanced battery technology, coupled with efforts to optimize battery health and longevity, positions Tesla as a trailblazer in the EV market. The company’s initiatives to mitigate battery stress and extend life expectancy through innovative solutions, such as sophisticated cooling systems and charge management techniques, further demonstrate Tesla’s holistic approach to sustainable EV development. Together, these elements highlight Tesla’s significant impact on the EV industry’s direction, fostering advancements that benefit both users and the global environment.
