Elon Musk teases significant advances in battery technology

Tesla CEO Elon Musk plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models. The new battery technology will also allow EV batteries to have second and third lives in the electric power grid.

Elon Musk teases significant advances in battery technology
Elon Musk
Norihiko Shirouzu, Paul Lienert for Reuters:

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.

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.

With a global fleet of more than 1 million electric vehicles that are capable of connecting to and sharing power with the grid, Tesla’s goal is to achieve the status of a power company, competing with such traditional energy providers as Pacific Gas & Electric and Tokyo Electric Power, those sources said.

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.

Tesla’s new batteries will rely on innovations such as low-cobalt and cobalt-free battery chemistries, and the use of chemical additives, materials and coatings that will reduce internal stress and enable batteries to store more energy for longer periods, sources said.

A number of the technical advances made by Tesla and CATL in battery chemistry and design originated at a small research lab at Dalhousie University in Halifax, Nova Scotia. The lab has been run since 1996 by Jeff Dahn, a pioneer in the development of lithium-ion batteries for electric vehicles and grid storage.

MacDailyNews Take: With “new battery technology,” we’ve been teased more times than RuPaul’s wig. Hopefully, within a couple of weeks, we’ll get to see some real, working battery advances from Musk!

14 Comments

      1. Baloney, anyone who counts (the west) is not going to use it why? With a psychopath CEO in charge why would you risk it and the Tesla Cult.

        And open source has been a no profit scam, fine when you are in college or in your mom’s basement but of little value. Darwin (the guts of OSX) is open source (over 21 years) no one to date has done anything profitable in the real world with it.

        Open source is just a Elon cult talking point.

  1. The CEO who “talks-up” his stock price. Borderline illegal and definitely slimy.

    I hope the claims are true, nonetheless, and that China doesn’t possess/steal the needed core tech.
    If they do and the Tesla CEO Nutcase is responsible, I hope he somehow pays.

      1. Yes, three quarters in a row. Whilst having stopped production for two weeks for Covid.

        Over $8 billion in the bank.

        All while building Giga Shanghai in less than a year and spitting out 3000 Model 3s per week.

        All while building Giga Berlin.

        All while starting to build Giga Austin.

          1. I can understand somewhat, Musk is a bit like Steve Jobs on crystal meth. On the one hand, he has some truly genius/sesmic concepts. On the other hand, he’s kind of a loose cannon filled with Jolly Rancher candies, just spouting bizarre stuff.

            Yes, he has advanced electric cars more than anyone in the last 20 years, but yes, he has been helped along enormously by extremely generous Government subsidies.

            I love that he challenged his local government shut-down, but what would have happened to a Mom and Pop business?

            1. Apple and Steve Jobs were the second wave in smartphones (after the big five MSFT, Blackberry, Palm, Nokia, and Motorola) together they all thought they had the market, guess who the Germans and Koreans are.

    1. Ah, Ronner. We know you know all about slimy. Keep on talking up other people’s slimy behavior though, you’re a good distractor. We know what you did last summer.

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