A new EV battery likely game changer
Chinese vehicle battery maker Contemporary Amperex Techology Co Ltd (CATL) says it has a product that can last two million kilometres over 16 years.
For comparison, most other electric battery manufacturer offer warranties for between 96,000 and 240,000km over a three to eight-year period.
CATL’s new battery is ready to go, as per an interview between chairman Zeng Yuqun and
Bloomberg.
‘‘If someone places an order, we are ready to produce,’’ Zeng said, before adding that the battery would cost around 10 per cent more to produce than the current products.
It was previously reported by
Reuters that the battery was codeveloped with Tesla but this hasn’t been officially confirmed. If it is true, Tesla’s cars could soon gain a healthy edge over its opponents, as battery longevity is one main factor holding back widespread EV adoption.
CATL has signed an agreement with the American manufacturer to supply batteries for two years, although it also works with BMW, Daimler, Honda, Toyota, Volkswagen (which has just signed an agreement with Ford involving EVs), and Volvo. GM has previously confirmed it is working towards a million-mile (1.6 million km) battery, which would still be a hefty jump on today’s technology.
At the moment, it’s unclear if any major automotive player has signed up for CATL’s new batteries.
Additionally, there aren’t any details available on the new battery.
We don’t know what it’s made from, how it’s made or how exactly CATL can coax the equivalent of 50 circumnavigations of Earth out of one battery.
Zeng told Bloomberg that EV buying will jump next year, when pent-up demand caused by Covid-19 overflows.
‘‘The pandemic may have a lasting effect throughout 2020, but won’t be a major factor next year,’’ he said.
‘‘We have great confidence for the long run.’’