• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 1 min The Downside of Political Correctness
  • 37 mins In the Event of WW3, Oil and/or Renewables?
  • 2 hours Main Stream Media falls into depressed mood today after hearing of the record May jobs report UP 2.5 MILLION JOBS !
  • 2 hours George Floyd’s History
  • 2 hours US and Australia Sign SPR Lease Agreement
  • 15 hours Rioting and Protesting
  • 2 hours Trump waves a Bible
  • 2 hours China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 14 hours Let's try to link the recent events back to the situation with oil production and pricing
  • 1 day Healing, Not Hatred
  • 9 hours Coronavirus hype biggest political hoax in history
  • 7 hours World’s First Integrated Hydrogen Power-to-Power Demonstration Launched
  • 20 hours China’s Oil Thirst Draws an Armada of Tankers
  • 8 hours Model 3 cheaper to buy than BMW 3 series.
  • 1 day Trumps Oil Industry....
Are Investors Ignoring The Largest Financial Risk Ever?

Are Investors Ignoring The Largest Financial Risk Ever?

Financial markets haven’t priced in…

Unexpectedly Strong Jobs Report Sends Oil Soaring

Unexpectedly Strong Jobs Report Sends Oil Soaring

An unexpectedly strong jobs report…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Tesla Could Launch A Million-Mile Battery This Year

Tesla is set to launch a million-mile battery as soon as this year or early in 2021 for its Model 3 in China, as part of a wider plan to introduce longer-lasting, low-cost batteries that would bring electric vehicle (EV) prices to parity with conventional gas-powered cars, Reuters reported on Thursday, citing sources familiar with the EV maker’s plans.

A million-mile battery would be just one pillar of Elon Musk’s strategy to make Tesla an energy company, according to the sources.  

Last year, a team from the Dalhousie University in Halifax, Canada, who do research for Tesla, said in a paper that they had tested lithium-ion battery cell chemistry expected to be able to power electric vehicles (EVs) for more than 1 million miles and last at least two decades in grid energy storage.  

Jeff Dahn and his research team presented testing results of “excellent moderate-energy-density lithium-ion pouch cell chemistry” that should be able to power an electric vehicle for over 1.6 million kilometers (1 million miles) and last at least two decades in grid energy storage.

The researchers from Dalhousie University have an exclusive agreement with Tesla, and they reported that they had designed battery cells with higher energy density without using the solid-state electrolyte that many believe is a necessary condition for enhanced density.  

After an initial rollout in China for the Model 3, the million-mile battery will be further improved for cost, storage capacity, and energy density and will be used in other Tesla models in markets outside China, including North America, Reuters’ sources said, while Tesla declined to comment on the report.

Earlier this year, Reuters reported that Tesla was in talks with China’s Contemporary Amperex Technology Co Ltd (CATL) to make batteries without using cobalt for its China-made vehicles. Cobalt, one of the most expensive metals for batteries, is a key reason why EVs are still more expensive than vehicles with internal combustion engines.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Bill Simpson on May 14 2020 said:
    If true, it means the beginning of the end of internal combustion engine powered cars and light trucks, if you can charge your car in suburbia, or eventually at work. You would be a fool to buy an ICE powered vehicle, since they are maintenance headaches, compared to an electric vehicle which is virtually zero maintenance and could last for decades.
    Although charging will prevent many people from purchasing EVs because filling up a fuel tank is much faster, and many car owners do not have garages or carports where they can charge their cars overnight without a power cord being exposed to thieves or vandals.
    This will not kill the ICE powered cars, but it will certainly reduce the demand for them. And the supply of oil will last longer because not as much will be consumed as the years pass. Of course, large trucks, farm equipment, mining equipment, bulldozers, construction equipment, ships, railroad locomotives, and aircraft will still use oil fueled engines. That is a lot of oil demand.
  • James Hilden-Minton on May 14 2020 said:
    The big news here for the oil investors is that Tesla is now looking at a $80/kWh pack cost. Below $100/kWh, EVs become cheaper to build than fuel powered vehicles. Past this point, no price of fuel is low enough to make conventional vehicles economically competitive again.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News