Could We See A Million Mile EV Battery?

Tue 9th Jun 2020

The company which develops batteries for Tesla and Volkswagen claims that it has built a power pack capable of lasting 16 years, or 1.24 million miles.

Contemporary Amperex Technology Co. Ltd, which is based in China, also provides EV battery technology to BMW and Toyota and the company’s Chairman Zeng Yuqun told Yahoo Finance that they are ready to go into production for their new long-life battery as soon as a customer places an order.

Current warranties on EV batteries cover in the region of 150,000 miles or eight years, though both Tesla and General Motors have admitted that they are close to achieving the magical one million mile mark for a power pack - capable of driving around the world 50 times.

In a motoring world where traditional engines do well to get beyond 100,000 miles, the option having a longer lasting EV powertrain could tempt some to switch - even if worries about batteries losing strength remain a concern for consumers.

“If someone places an order, we are ready to produce,” Zeng said in an interview from the company’s headquarters in southeastern China.

The current global coronavirus pandemic has hit car sales of all engine-type and a slump in the oil prices has made combustion engines more attractive, but Zeng is confident that EVs will return and claim a stronger share of the market.

“The pandemic may have a lasting effect throughout 2020, but won’t be a major factor next year,” Zeng said. “We have great confidence for the long run.”

That long run includes a bold prediction that electric car sales will overtake combustion engines between 2030 and 2035, a view which is more ambitious than some other more conservative estimates.