Contemporary Amperex Technology Co. Ltd. is ready to produce a battery that lasts 16 years and 2 million kilometers (1.24 million miles), Chairman Zeng Yuqun said in an interview at company headquarters in Ningde, southeastern China. (Also read - Tesla 'million mile' battery may last decades, withstand varied terrains: Report)Extending that lifespan is viewed as a key advance because the pack could be reused in a second vehicle. It would cost about 10% more than the batteries now inside EVs, said Zeng, whose company is the world’s largest maker of the batteries. (Also read - GM says million-mile battery is 'almost there')Anticipating a rapid return to growth for the EV industry, CATL is plowing research-and-development dollars into advances in battery technology. (REUTERS)The CATL batteries are set to go into Model 3 sedans produced at Tesla’s massive new factory near Shanghai, which started deliveries around the beginning of this year.

Source: Hindustan Times June 08, 2020 04:41 UTC