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Tesla's new long-life batteries may bring EVs cost in line with petrol cars

For months, Tesla Chief Executive Elon Musk has been teasing investors, and rivals, with promises to reveal significant advances in battery technology during a "Battery Day" in late May.

Topics
Tesla | Elon Musk | electric cars

Norihiko Shirouzu Paul Lienert | Reuters 



The Centre proposes to provide the firms land to set up factory along with power, water, and road access, according to draft of the document prepared by the Department for Promotion of Industry & Internal Trade, and Invest India
New, low-cost batteries designed to last for a million miles of use and enable electric Teslas to sell profitably for the same price or less than a gasoline vehicle are just part of Musk’s agenda, people familiar with the plans told Reuters.

Electric car maker Inc (TSLA.O) plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid.

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First Published: Thu, May 14 2020. 20:39 IST

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