Tesla's Supplier Of Batteries Claims It Has A Battery That Will Last 16 Years And 1 Million Miles

Tesla’s Supplier Of Batteries Claims It Has A Battery That Will Last 16 Years And 1 Million Miles

   

Tesla’s Supplier Of Batteries Claims It Has A Battery That Will Last 16 Years And 1 Million Miles

Tesla’s supplier of batteries claims it has a battery that will last 16 years and 1 million miles. In battery manufacturing, Tesla’s battery supplier claims it has made a major advance that could fuel electric car sales for years to come.

Tesla's Supplier Of Batteries Claims It Has A Battery That Will Last 16 Years And 1 Million Miles
Tesla’s Supplier Of Batteries Claims It Has A Battery That Will Last 16 Years And 1 Million Miles

The Chinese car-battery giant supplying Tesla and Volkswagen, Contemporary Amperex Technology Ltd., can manufacture a battery that will last for 16 years and 2 million kilometers, or 1.24 million miles, the company’s chairman, Zeng Yuqun, told Bloomberg over the weekend.

Zeng said the company was prepared to start fulfilling the battery orders but did not announce whether anybody had ordered any yet. He added that the cost of the battery is around 10% higher than the normal EV battery.

One of the key areas holding up widespread EV adoption is battery life, and a long-lasting battery may be revolutionary for the market. Batteries are the most costly component of EVs, but it will drastically lower the price if one with a longer life could be converted into a new vehicle.

Tesla's Claims Battery Will Last 16 Years More
Tesla’s Claims Battery Will Last 16 Years More

Bloomberg said warranties cover nearly 150,000 miles or eight years on EV batteries.

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In May, Reuters announced that Tesla was developing a million-mile CATL battery. Sources told Reuters that as part of a larger strategy to reposition the firm, Tesla intended to introduce the new battery in China first. Tesla did not immediately react to the question asked by Business Insider regarding whether the battery announced by CATL was jointly created.

In his Bloomberg interview, Zeng seemed to be upbeat about the outlook for the industry, which went down with the coronavirus pandemic. “The pandemic may have a lasting effect throughout 2020,” he said but won’t be a major factor next year.”