15 May 2020 | Tesla's Million Mile Battery Will Slash Costs
Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Friday 15th May 2020. It’s Martyn Lee here and I go through every EV story so you don’t have to.
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TESLA’S MILLION MILE BATTERY WILL SLASH COSTS
“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.” says Autoblog: “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. The new “million mile” battery at the center of Tesla’s strategy was jointly developed with China’s Contemporary Amperex Technology Ltd (CATL) and deploys technology developed by Tesla in collaboration with a team of academic battery experts recruited by Musk, three people familiar with the effort said. Eventually, improved versions of the battery, with greater energy density and storage capacity and even lower cost, will be introduced in additional Tesla vehicles in other markets, including North America, the sources said. Reuters reported exclusively in February that Tesla was in advanced talks to use CATL’s lithium iron phosphate batteries, which use no cobalt, the most expensive metal in EV batteries.”
First I have read about it being in China first. Also, CATL being a partner too.
Cell to pack technology – rather than cells to modules to packs.
Price parity, and possibly even cheaper EVs than fossil cars.
TESLA STARTS BUILDING LONG RANGE MODEL 3 CARS AT CHINA PLANT
“Tesla Inc (TSLA.O) said on Thursday it had started producing Long Range Model 3 vehicles in its Shanghai factory and aimed to deliver them to customers soon.” reports Reuters: “The company said the model would be sold at 344,050 yuan ($48,495), keeping the price steady even after China stops offering generous subsidies from July for electric vehicles that cost more than 300,000 yuan.”
CHINA’S MODEL 3 INTERIOR RECEIVES A TIMELY MODEL Y-INSPIRED UPDATE
” the latest Model 3 units produced in Gigafactory Shanghai are fitted with both USB Type C charging ports and a wireless charging pad, both of which are utilized in the Tesla Model Y.” reckons Teslarati: “Tesla’s use of USB-C and wireless charging capabilities are an advantage for electric car owners. Many mobile devices on the market today are capable of fast-charging with USB-C ports, and flagship devices from premier smartphone makes such as Apple and Samsung are equipped with wireless charging capabilities. Gigafactory Shanghai’s Phase 2 is expected to house a Model Y factory. Currently, the local production plant is poised to hit a production run-rate of 200,000 Model 3 sedans every year.”
VOLVO CEO SAYS VIRUS WILL ACCELERATE EV ADOPTION
Volvo CEO Håkan Samuelsson. Speaking at a Financial Times global digital conference: “Electrification will go faster. I think it would be naive to believe after some months, everything will return to normal, and our customers will come back into a showroom asking for diesel cars. They will ask even more for electric cars. And that is speeding up. If governments subsidize a return to the old world, I think would be a waste of money. They should use the money to promote new technology as they were planning to do before corona. The way we distribute cars, with physical showrooms and so on, I think everybody has learned during this shutdown that e-commerce is working, and more and more people have experience. That will encourage people to look for cars online. So I think the distribution and where you’re selling cars will change. It has been changing already, but that will be changed more rapidly now.”
ONE FUTURE GM ELECTRIC VEHICLE MAY BE INTRODUCED EARLIER THAN PLANNED
“” it looks as though one future GM electric vehicle could even arrive earlier than planned. Vice President of Electric and Autonomous Vehicles at GM, Ken Morris, indicated that one EV program may be pulled forward.” says GM Authority: “Morris indicated that several other GM…