Tesla plans to introduce new low-cost long-life battery: report

Tesla plans to introduce new low-cost long-life battery: report

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Electric car maker Tesla Inc. plans to introduce a new low-cost, long-lasting battery in its Model 3 sedan in China later this year or early next year, which it 39; hope, will align the cost of electric vehicles on petrol models and Allow EV batteries to have a second and third life on the power grid.

For months, Tesla CEO Elon Musk harassed investors and rivals, vowing to reveal significant advances in battery technology during a "Battery Day" in late May.

New low-cost batteries designed to last a million kilometers and allow Teslas Electric to sell profitably at the same price or less than a gasoline-powered vehicle are only part of the agenda Musk people told Reuters. familiar with the plans.

With a global fleet of more than one million electric vehicles capable of connecting and sharing electricity with the grid, Tesla’s goal is to achieve the status of an electric company, competing with traditional energy suppliers such as Pacific Gas & Electric and Tokyo Electric Power, said these sources.