“We are certainly not putting that money in the bank.”
Accell Group CEO René Takens is certain to reinvest the money gained from the recent sale of the Hercules brand. The Dutch corporation will now work on the “distinctiveness” of their other German brands like Winora and Haibike, Takens added.
“As such, Musk is also running a huge risk here, and it needs to be seen if his plant and chemistry are flexible.”
Sarwant Singh, consultant at Frost & Sullivan, does not believe that the current lithium-ion technology will allow battery prices to go below 200 dollars. He is convinced that Elon Musk has done his math though and that the investment in the Gigafactory is the right step.