Tesla will introduce a new battery for electric cars in September

Tesla will introduce a new battery for electric cars in September

June 22, 2020 0 By autotimesnews

Tesla CEO Elon Musk said that September 15th is a tentative date for the company’s shareholders meeting and the so-called “Battery Day”, at which the world will see significant progress in battery technology.

The battery presentation event, which Musk called “one of the most exciting days in Tesla’s history,” was previously scheduled for May, and a shareholders meeting was due on July 7th. Both events were delayed due to the coronavirus pandemic.

“Battery Day” will include a tour of the production line, where they produce batteries for Tesla electric cars. However, the inventor refused to voice any details.

Tesla and China’s Contemporary Amperex Technology Ltd (CATL) are jointly developing million-mile-long batteries that allow U.S.-branded cars to sell at a profit for the same price or less than a gasoline car.

The annual meeting is likely to take place in Fremont, California.

Recall that in mid-May, Tesla has developed a new rechargeable battery, which the company calls the “Million Mile Accumulator”, which will significantly increase the range of electric cars, as well as reduce the cost of this type of vehicle to the prices of classic ICE cars.

In addition, it is reported that the new batteries will have a significantly longer life, and the first model to receive the new product will be the Tesla Model 3 sedan for the Chinese market. Updated models will begin to roll off the assembly lines at the end of 2020 or the beginning of 2021.