Tesla plans to introduce new “Million Mile” battery that can slash the cost of EVs to match gasoline cars

05/17/2020

Posted by: Oluwaseun Solomon

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U.S based electric carmaker, Tesla plans to debut a new low-cost, long-life battery with its Model 3 sedan in China later this year.

Popular American automaker, Tesla, Inc is planning to shock the world with a new long-life, low-cost EV battery in its coming “Model 3” sedan that is set to be launched in China early next year or possibly before this year ends. This anticipated EV battery is expected to slash the overall cost of electric cars to a comparable level with gasoline-powered car models.

Tesla-to-launch-new-EV-battery-that-could-slash-price-of-electric-cars

American automaker, Tesla plans to launch a new EV battery that could slash the cost of electric cars to compete with conventional cars

Its been months now since the CEO of Tesla, the richest electric car brand in the world – Elon Musk, has been teasing rivals and investors with mouth-watering promises about soon revealing the tremendous advances the company has made when it comes to EV battery technology. He promises to unveil this new technological breakthrough later this month on “Battery Day”.

According to sources close to Elon Musk, Tesla will reveal a newer type of low-cost EV batteries that are specially designed to last up to a “million miles” of usage in the Tesla cars. These sources claim that the new battery technology will enable Tesla vehicles to sell even more profitably at similar prices or slightly less than most traditional gasoline-powered vehicles. However, we have to reiterate that all these are mere speculations revealed by people who are familiar with Elon Musk and his secret battery project, and not official statements of the CEO for now.

The most reliable information we know regarding this battery project is that the tag name “Million Mile” battery is true and the technology is currently being developed by Tesla and CATL (China’s Contemporary Amperex Technology). Just like many investors, and Tesla rivals – we all have to wait for Elon Musk to surprise us very soon with the reveal of this revolutionary breakthrough in battery technology.

Below is a ColdFusion video confirming some of the details of the anticipated Tesla “Million Mile” battery;

  Tesla's Million Mile Battery

Back home in Nigeria, a lot of debate is still ongoing regarding if Nigeria is ready for electric cars. However, we recently published a report of a commercial electric vehicle launched in Nigeria by a company that we are yet to hear from to date. We do hope that newer technologies like the anticipated Tesla batteries can help Nigeria and Africa as a whole to soon embrace electric vehicles.

 >>> Catch up with the latest automobile cutting edge tech trends by visiting Naijauto daily!

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Oluwaseun Solomon

Oluwaseun Solomon

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Oluwaseun Solomon is a prolific and diligent automobile writer at Naijauto.com. He's also an experienced digital marketer and a creative multimedia developer that specializes in video editing. He currently contributes informative and easy to read articles on topics covering transportation, traffic updates, auto industry updates, and different car reviews.
When Solomon is not writing, you will either find him composing music, editing videos or simply enjoying YouTube "TEDx Talk" videos with a chilled drink :)

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