Not long ago Tesla was rumored to have found a solution to the problem. The most expensive component of an electric car is the battery. This power source has an important role, which is to store energy to drive a vehicle. The latest news says that Tesla and its Chinese partner company, Contemporary Amperex Technology Ltd. (CATL), have found a way to reduce the price of battery production. As reported by the Reuters news agency, Tesla and CATL have found a solution to the price of producing this battery and CEO (Chief Executive Officer) Elon Musk himself will announce it this year. This battery is packaged more concisely and reduces weight and additional production costs. As a result, electric cars with batteries can have better mileage at lower selling prices. The first Tesla Model 3 launched in China will be the first car with this battery technology.
Do you have a link to that Reuters article? Latest news about CATL says this: Contemporary Amperex Technology Ltd., the electric-vehicle-battery producer that supplies Tesla, says it has made a battery that can last 16 years and over 1 million miles. CATL Chairman Zeng Yuqun told Bloomberg over the weekend that the battery was ready to produce and that it was about 10% more expensive than other batteries on the market. Zeng said the company was ready to start fulfilling orders for the battery but didn't disclose whether anyone had bought any yet. Tesla's battery supplier says it's made a battery that can last 16 years and 1 million miles One thing is pretty sure, that is that VW will buy a lot of this: VW doubles its electric vehicle battery contracts to $48 billion - Electrek
Electric cars 'as cheap to manufacture' as regular models by 2024 Electric cars will cost the same to make as conventional cars, with internal combustion engines, by 2024 and an acceleration in the shift away from fossil fuel vehicles may be imminent, according to new research.