This type of battery is to be introduced to the Chinese market.
A number of unofficial sources quoted by Reuters say that Tesla is working on a battery of “one million miles” with a long life, which would significantly reduce the costs of electric vehicles, making them competitive with fossil fuel cars. Futurism.
The battery is expected to be used for Model 3 luxury cars to be sold in China later this year or early next year. Reuter notes that this new battery model is the result of a collaboration between Tesla and a team of experts chosen by Elon Musk.
The new batteries will be based on technologies with low cobalt and cobalt-free batteries, which reduce the voltages inside them, which makes them last much longer. However, cobalt remains the most expensive metal used in the production of electric car batteries.
This improvement in battery technology and automation of the production process could also lead to lower prices. Tesla is also considering building even bigger factories: “terra-factories”, which should exceed in size the already huge giga-factories.
“We need to adapt battery production to crazy levels that people can’t even understand today,” Musk told investors.
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