Tesla's competitors play catch-up on electric batteries

  • 📰 CNBC
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

'Tesla simply has been engineering these packs longer than its competitors, and therefore it has a technology lead that is significant,' said Sam Jaffe, managing director of Cairn Energy Research Advisors.

The cylindrical cell battery packs Tesla uses in its electric cars dropped to $158.27 per kilowatt hour last year, according to an EV battery research firm.The type of battery packs used by other automakers cost, on average, more than $200 per kWh in 2019, according to Cairn.KENZO TRIBOUILLARD | Getty Images

Cairn Energy Research Advisors, a consulting firm specializing in electric vehicle battery research, says the cost of a cylindrical cell battery pack dropped to $158.27 per kilowatt hour last year, down by more than $100 per kWh from four years ago. Tesla is the only automaker to use cylindrical battery cells in its battery packs. Meanwhile, other automakers use battery packs that include pouch or prismatic battery cells.

"Tesla has really revolutionized that part of the battery pack and made it much more sophisticated, and it gives them the competitive advantage," said Jaffe.the size and scale to further drive down costs. Last year, the Gigafactory manufactured battery packs to power more than 365,000 new Tesla vehicles, with most of them for Model 3.

Since GM first rolled out the extended range Chevy Volt in 2011 and the all-electric Chevy Bolt in 2016, critics have called GM's work in EV's underwhelming. Mark Reuss, the president of GM defended the automaker's EV program when talking with analysts last week. "I can guarantee you that no other company is doing what we are doing because no other company can do what we are doing," Ruess said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It is Tesla vehicle cost is not for middle class. Too expensive. They need to lower manufacturing cost, overhead and reduce vehicle price. Not affordable.

Roger Mcnamee, Seriously? The video wasn't doctored. Pelosi did what she did. There was no MisInformation.

Aw the pussyhats on air now don’t like funny videos. Clowns Trump4EVA

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines