Ordinarily, automakers, including Tesla, point to lifetime fuel savings and tax incentives provided by local, state and federal governments as mitigating factors that mean the lifetime cost of an EV is equal to or less than that of a gas auto, but if Tesla's new battery tech can change the dynamics so that the price on the sticker is also lower than a gas vehicle, that would be a significant driver of broader EV adoption.
Citing sources familiar with the plans, Reuters reported Thursday that Tesla and Chinese battery supplier CATL have developed a low-priced battery capable of lasting a million miles. This will enable batteries to store more energy for longer periods.
Tesla is apparently on the verge of making electric vehicles cheaper than internal combustion vehicles, thanks to a new battery technology partly developed in Canada.
The new battery will be introduced in Tesla Model 3 sedans built in China late this year or early next and could also help bring the cost of manufacturing an EV in line with gasoline-powered cars, according to the sources. Reuters reports that the development is the result of joint R&D work conducted with China-based Contemporary Amperex Technology, and that it is based on work done by a team of crack Tesla battery technology researchers coming from an academic background that were enlisted by Musk specifically to change the economics of electric power storage. CATL's cobalt-free lithium-iron-phosphate battery packs have just recently fallen below $80/kWh, with battery cells dropping below $60/kWh.
Ontario monitors rare inflammatory illness in children for COVID-19 connection
None of the 10 children died, but their symptoms were more severe than those experienced by the children with Kawasaki disease. Daskalakis says to report it to the health department immediately, even if he has received a negative coronavirus test.
Fauci ‘Concerned’ About Speed of Reopening in Some States
For now, "all roads back to work and back to school go through testing", said Alexander, the Republican committee chairman. With the US economy in free-fall and more than 30 million people unemployed, Trump has been pressuring states to reopen.
IRCTC website crashes as bookings for 15 trains reopen
Fares will be similar to those for Rajdhani trains, and tatkal and waitlists will not be allowed, Indian Express reported. Booking for reservation in these trains will start at 4 pm today and will be available only on the IRCTC website .
Tesla's lithium-ion battery technology is already the envy of the automotive industry, and the company may be moving even further into the lead soon. Dahn's research will heavily contribute to batteries with a longer lifespan.
CATL also has developed a simpler and less expensive way of packaging battery cells, called cell-to-pack, that eliminates the middle step of bundling cells. These are most likely the team around Jeff Dahn who has been working on project Roadrunner for some time now, only CATL's involvement is new.
The 100$/kWh or million-mile battery is said to rely on NMC chemistry with little cobalt. Per the sources, the new battery's cells could cost less than $60 per kilowatt-hour.
Recycling and recovery of expensive battery materials is also part of the plan.