Tesla's new low-cost batteries built to last 'million miles' to launch in China this year

Electric car manufacturer Tesla Inc. is all set to introduce a new affordable and long-life battery in its Model 3 sedan in China later this year that is expected to bring cost of electric vehicles in line with gasoline models and to increase EV battery lives of cars in electric power grid.

new low-cost EV batteries built to last for a million miles will enable Teslas to sell profitably for same price as gasoline vehicles, as per company. With a global fleet of more than one million electric vehicles, Tesla aims to become a power company, competing with such established energy providing companies such as Pacific Gas & Electric and Tokyo Electric Power.

Jointly developed with China’s Contemporary Amperex Techlogy Ltd (CATL), new “million-mile” battery deploys Tesla’s techlogy in collaboration with academic battery experts recruited by chief Elon Musk.

Advanced versions of battery, with greater energy density and stor capacity and even lower price, will eventually be available in or markets, including rth America.

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Cobalt-free batteries

Relying on invations such as low-cobalt and cobalt-free battery compounds, Tesla's new batteries are developed using chemical additives, materials, and coatings that reduce internal pressure and allow EV batteries to store excess energy for a longer period.

company also plans to improvise manufacturing process by implementing new high-speed, heavily automated machines. aim is to reduce labour costs and increase production in massive “terafactories” about 30 times size of company’s sprawling Nevada “gigafactory”.

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