Tesla’s Chinese battery firm ‘Contemporary Amperex Technology’ (CATL), claims it is ready to start production on a battery that can run for 1.24 million miles (2 million kilometres).
It is no doubt a massive leap in the longevity of an electric car battery. It is a big breakthrough and could have a big effect on reducing carbon emissions.
The newly designed rechargeable batteries are expected to last for 16 years. However you will have to shell out more money, as it will cost 10% more than currently available batteries.
Although new battery costs more, but there wouldn’t be frequent requirement of battery replacement and warranties could cover more miles. Warranties on batteries currently used in electric cars typically cover only 150,000 miles or eight years.
CATL Chairman, ‘Zeng Yuqun’ has not revealed about any customers as of yet.
Zeng said, “If someone places an order, we are ready to produce,” However, Zeng seemed to be optimistic for the automobile industry hit by the corona virus pandemic.
Zeng said, “The pandemic may have a lasting effect throughout 2020, but won’t be a major factor next year. We have great confidence for the long run.”