working together to drive affordability.”The cost of battery packs is one of the major challenges of luring mainstream consumers to electric vehicles. Tesla, the leading seller of electric cars, makes its own battery packs in a joint venture with Panasonic at a giant factory in Nevada. A financial filing in South Korea indicated that its investment in the joint venture would occur over four years. is making a major push into electric vehicles, including 20 battery-powered models by 2023. expected to introduce a new Chevrolet electric car next year and an electric truck in 2021.

Source: New York Times December 05, 2019 11:30 UTC