Contemporary Amperex Technology Ltd. (CATL), the electric vehicle battery manufacturer that supplies Tesla, among others, says it has made a battery that can last 16 years and over 1 million miles (1.6 million kilometers). Elon Musk had cited this before, but the news is more concrete now. CATL president Zeng Yuqun said the battery is ready to be manufactured. It should be about 10% more expensive than other batteries on the market. According to Bloomberg, this breakthrough is huge given that the warranty on EV batteries currently covers around 150,000 miles (240 kilometers) or eight years.
Get full access to our archive by becoming a member of Innovation Origins. Sign up here as a supporter of independent journalism!
Become a member!
On Innovation Origins you can read the latest news about the world of innovation every day. We want to keep it that way, but we can't do it alone! Are you enjoying our articles and would you like to support independent journalism? Become a member and read our stories guaranteed ad-free.