The Chinese manufacturer of electric car batteries, supplying its products for Tesla and Volkswagen cars, has developed new batteries that will last for more than 2 million km in the car.
Contemporary Amperex Technology Co. Ltd. (CATL) is convinced that its new product will be able to work for 16 years and will cover over 2 million km by car. For comparison, the durability of the batteries currently used in electric cars is guaranteed up to 250,000 km or eight years.
The extension of battery life means significant progress, because it will potentially be possible to use them not in one but in two vehicles, which in turn would significantly reduce the cost of owning an electric car.
According to Zeng Yuqun, CEO of the company, CATL is ready to manufacture batteries as soon as someone places an order for them. The cost of new generation batteries is only 10 percent. higher than the current generation.
Buyers of electric cars want greater durability
The innovations introduced in new batteries can be a salvation for the electric car industry, which is observing a significant drop in sales due to the ongoing epidemic of COVID-19.
One of the important factors preventing potential customers from buying an electric car are the worries about battery life, a decrease in performance and the need to replace it after a few years.
Last year, Tesla announced that in 2020 it will be able to start producing batteries with a life expectancy of 1.5 million km, and just a month ago General Motors announced that it is also approaching this goal.
Expecting a rapid return to growth, CATL is investing heavily in research and development of new technologies. According to Zhang, the fact that currently during a pandemic fewer people decide to buy an electric car only means that next year, as sales start again, the market will be flooded with new orders.
The pandemic has left a big mark on 2020, but next year is unlikely to be a significant factor. We are very optimistic about the future - sums up Zeng.
In February, CATL signed a two-year contract for the supply of batteries for the Tesla Model 3, which will be produced in a new factory near Shanghai. So far, the American electric car manufacturer has worked mainly with Panasonic Corp. and LG Chem.
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2 million kilometers or 16 years - new Chinese batteries for electric cars are to work for so long
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