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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hoff who wrote (3540)	4/10/1999 9:01:00 AM
From: fred whitridge	Read Replies (1) \| Respond to of 8393

here is a post from the EV discussion list talking about pricing of GM/Ovonics vs. Saft NiCads. It is completely contradictory to what Bob Stempel has said on numerous earnings conference calls, namely that they are "on the cost curve" which he presented at a road show in 1996. $2200 per battery is also higher than the $2000 per battery that Paul Gifford told shareholders during the tour of Kettering. If this is indeed the price something is deeply, deeply wrong. the 694 AA cells which would make up 1kwh (694 cells x 1200mah x 1.2 volts) would cost under $1000 and there is a good deal more handwork, casing material, and individual cell formation. If indeed the price is $2200 per battery then ECD has a larger problem with the SEC due to ts failure to disclose material financial information, namely the revenues, P&L and Balance sheet of GM/ovonics. I am aware that a fellow SI threader is needling them on this point. Given that price and a current production rate of 2 packs per day, ECD IS FAILING TO DISCLOSE TO US THAT GM/OVONICS IS PRODUCING OVER $30 MILLION IN PRODUCT REVENUE RIGHT NOW. and what, pray tell, might the gross margins and cash flow be? Why can't we see the results for GM/O when they were published quarterly for several quarters? As with so many things at ECD, what is the big secret???? It may also explain, Don, why GM isn't hot footing it to retrofit your EV1 with 26 of these puppies at a cost to them of $57,000 which your bumped lease payment (another $100 per month?) ain't gonna recoup. If you couldn't tell, i don't think the price is this high and i think ECD ought to come clean and tell us what is going on. -------------------------------------------- Subject: RE: Saft Ni-Cads Date: Fri, 9 Apr 1999 14:52:37 -0400 From: "Halseth, Jon" <Jon.Halseth@turner.com> To: "'ev@listproc.sjsu.edu'" <ev@listproc.sjsu.edu> Have not looked at those. Here is a recent price from Ovonics. Thank you for the interest in GM Ovonic batteries. The cost per battery is $2,200 FOB our factory. Total $19,800. The target of $10,000 is for the 2003 time frame and an annual volume of 200,000 batteries per year. Stephen G. Schnell Marketing and Sales Director -----Original Message----- From: paul.compton [mailto:paul.compton@bbsrc.ac.uk] Sent: Friday, April 09, 1999 4:50 AM To: ev@listproc.sjsu.edu Subject: Re: Saft Ni-Cads Sensitivity: Confidential >Anyone have any experience out there using Saft Ni-Cad batteries in electric cars? How much do they cost? Saft makes a nice looking 6v battery (Model STM) designed for electric car use( 100 A/hr at the C3 rate, 27.5 lbs). A pack of 20 of these might be good for a small car conversion like a Metro. Range would be intermediate between lead-acid and Ni-Mh packs of similar wieght. --Jay > Last time I enquired of Saft (Or rather their UK agent) they wanted 650 pounds ($1040) per monoblock. That's why you don't get the battery if you buy a Peugot 106 or Citroen AX, you lease it. Paul Compton