Contemporary Amperex Technology Co. Ltd. (CATL) – an electric vehicle battery supplier to Tesla and Volkswagen – has completed development of a battery that it claims will last for 2 million kilometres of driving.
In an interview with news agency Bloomberg earlier this week, CATL’s chairman Zeng Yuqun said development of the battery pack was finished and production was ready to begin.
“If someone places an order, we are ready to produce,” Mr Yuqun told Bloomberg.
The new CATL battery pack is expected to last 16 years of use. By comparison, the most common battery warranty currently offered on an electric car in Australia is eight years or 160,000km.
Above: Tesla Model 3
Despite the new batteries costing approximately 10 per cent more to produce than current battery tech, CATL believes their lifespan may be so last so long they could be “reused in a second vehicle”, according to the report.
If true, this could ease doubts surrounding the resale value of electric vehicles in the used-car market, bolstering EV new-car sales in the process.
Above: Volkswagen ID.4 electric car
It is however expected the new battery technology will first appear in a Tesla model, after the US electric vehicle specialist and CATL signed a two-year contract in February this year.
Last month, Tesla filed a patent for a lithium-ion battery pack speculated to last 1 million miles (1.61 million km) of driving, however it’s unclear if it uses the same technology that features in CATL’s new battery.