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Latest posts by Raymond Young (see all)
EV manufacturing veteran, Tesla has been in advanced talks with several industry veterans to leverage the launch of a new age, affordable low cast battery system.
The new innovation is likely to be introduced in Tesla’s Model 3 Sedan which is likely to hit the Chinese markets in the second half of the year.
The development is likely to significantly slash the pricing brackets of the EVs, thus encouraging widespread adoption of the EVs on the back of affordable batteries.
The development has been adequately preceded Elon Musk’s initiatives in finding novel investors for advanced battery technology development that aligned with the annual ‘Battery Day’ observation in the later part of May.
These revolutionary low cost batteries are positioned to heighten the commercial scope of Tesla electric vehicles to be sold in competitive pricing, at par with conventional gasoline vehicles.
These initiatives by Tesla are poised to elevate Tesla’s winning stance, positioning it lucratively against the likes of top notch companies such as Pacific Gas and the like.
This newly developed battery technology developed by Tesla is a joint venture between China’s Contemporary Amperex Technology which is assigned the crucial task of deploying Tesla’s technology after a thorough brainstorming session with battery veterans who work in close proximity and are employed by Tesla Elon Musk.
Tesla’s recent innovations are dedicated to position itself as a major veteran in EV technology, focused to compete with leading companies such as Tokyo Electric Power besides other players, also investing towards improving the existing battery quality, energy and storage capacity besides having optimum pricing feasibility.
Besides Asia being a convenient and accessible regional market, Tesla is optimistic about hitting big across other relevant market spaces such as North America. Qualities such as low cobalt and zero cobalt battery designs besides novel additive technology and coating materials are likely to suffice as appropriate growth influencers for Tesla electric vehicles.