‘Truly revolutionary’: Elon Musk hails Tesla battery breakthrough



'Truly revolutionary': Elon Musk hails Tesla battery breakthrough

Billionaire offers glimpse of EV firm’s attempts to develop more economical, more efficient battery cells at Tesla’s AGM

Elon Musk claims Tesla engineers have achieved a”major breakthrough” in battery technologies, which he forecasts could dramatically cut manufacturing costs, boost the selection of vehicles and hasten the shift towards renewable energy.

Among a raft of announcement at the EV giant AGM at California on Wednesday, the billionaire stated Tesla had developed a new way of manufacturing lithium ion batteries, which he said would enable the US company to more quickly scale up cell manufacturing in the next few years.

Current expenses of batteries were not coming quickly enough to address the climate crisis and spur fast enough transition into EVs, he warned.

But the”truly revolutionary” advancement – which the firm has dubbed’tabless’ ion – bolstered by more efficient raw material manufacturing, could halve Tesla’s battery manufacturing prices per KWh, allowing Musk to realise his”dream” of attracting an affordable mass market EV to market.

“For people that really know cells, this is a massive breakthrough,” Musk at the event, which happened for an outside drive-in occasion near Tesla’s headquarters in Palo Alto to let for social distancing. “I think probably in about three years from now, we’re confident we can make a very compelling $25,000 electric vehicle that’s also fully autonomous.”

That might for the first time set the cost to get a Tesla electric car at a comparable level to conventional fossil fuel automobiles in the US, stated Musk, opening up the mass market for electrified automobiles, while the brand new batteries may also offer a 16 percent increase in driving range compared current versions.

“To accelerate the transition to EVs they must be affordable,” Musk said. “What this enables us to do is to realise a new trajectory in the reduction of battery costs.”

The entrepreneur also disclosed that, although Tesla would remain to source standard battery cells out of companies including Panasonic in the short to medium term, it intended to attract future cell-production in-house.

Musk said that the company was developing a pilot factory at Silicon Valley for the brand new tabless batteries, and that said it could take around a second year to ramp production up to 10GWh.

Moreover, he said the company was buying a brand new battery recycling facility near its’gigafactory’ at Nevada, in an attempt to decrease the demand for raw materials like lithiumion, thereby cutting costs and environmental influences, he clarified.

“The battery stuff is truly revolutionary, and essential to Tesla’s goal,” clarified Musk. “The fundamental good of tesla – if people look back in history and say ‘what good did Tesla do?’ – will be measured by how many years we accelerated sustainable energy. That’s the true metric of success. It matters if sustainable energy happens faster or slower, and that’s how I think we should assess Tesla.”

It comes from the rear of a rather successful season for Tesla, even despite the downturn in global car markets as a result of the Covid-19 pandemic. The business recently experienced four consecutive quarters of profitability, has started car production at its new Shanghai factory in China, and is currently now working to develop further gigsfactories in Berlin and Texas, Musk told shareholders.

He also explained Tesla had to date delivered over a thousand EVs globally, 5GWh of stationary batteries, and was currently offering the cheapest cost rooftop solar at the US via its own solar energy arm at $1.49 per watt.

“We’re gonna work our damnedest to transition the world to sustainable energy as quickly as possible,” that the CEO claimed.

Tesla’s barrage of battery statements came as a joint research by the European Patent Office (EPO) and the International Energy Agency (IEA) this week discovered that patenting activity in power storage has increased far faster than patenting generally over the last ten years, thanks in big part to the rapid shift towards vehicles.

Battery-related creations jumped to a record high in over 7,000 in 2018, up from just over 1,000 at the turn of this millennium, according to the report.

Additionally this week, a separate report by analyst IHS Markit has predicted the average cost of a lithium-ion battery cell could fall below $100 a KWh at 2023, before plummeting to as low as $73/KWh at the close of the decade.

The typical cost of a lithium-ion battery has fallen 82 percent since 2012, the report .

“Progress in growing the share of low-carbon generation, such as solar and wind, in the global power mix also brings a particular set of challenges – namely intermittency. Improving cost-effectiveness of energy storage, particularly batteries, will be key to providing needed flexibility to balance this supply of electricity with demand,” said Sam Wilkinson, associate manager for clean energy technologies at IHS Markit.

Article Source and Credit businessgreen.com https://www.businessgreen.com/news/4020646/truly-revolutionary-elon-musk-hails-tesla-battery-breakthrough Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com

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