Tesla is rumored to be coming out with a 1 million mile battery that will be announced in September.
Is this a game-changer for Tesla? Well no, there are other firms coming out with the same type of technology. They just aren’t as promotional or don’t have the same cult-like following as Tesla.
The Economist has the details.
Producers are now, though, planning to go much further than that, with the launch of “million mile” (1.6m kilometre) batteries. Zeng Yuqun, the boss of Contemporary Amperex Technology, a giant Chinese firm which produces batteries for a number of carmakers, said in June that his company was ready to start manufacturing batteries which would last for 16 years or 2m kilometres. Elon Musk has hinted that Tesla, a Californian maker of electric vehicles of which he is boss, has a million-mile battery in the works. Rumours suggest this could be unveiled in September. And over in Detroit, General Motors (gm) is in the final stages of developing an advanced battery which it says has similar longevity.
The full article is available here.