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GM's new electric car battery exceeds Tesla

wallpapers Business 2020-03-05

As a major challenge to electric vehicle leader Tesla, General Motors announced that it had developed a new type of electric vehicle battery with a range of up to 400 miles and a production cost that will be more than current batteries low.

The company announced on Wednesday that the new battery would store enough energy to drive a car 400 miles or more on a single charge. This Tesla offers a little more mileage on any car. Tesla claims that its latest version has driven a 390-mile Model S long-range sedan.

GM's new battery will be used in several of its new all-electric models, including the recently launched Origin of Self-Driving Electric Car Cruises and a future Cadillac luxury off-road vehicle. GM also wants to license its battery technology to other companies.

"GM is building a fully electric future because we believe climate change is real," General Motors CEO Mary Barra said in a speech to the media and investors.

She said the company would invest more than $ 3 billion annually in electric vehicle development between 2020 and 2025.

"We want to put everyone in an electric car, and we have the ability to do it," Barra said.

General Motors promises that the price of the new battery will soon fall below $ 100 per kilowatt-hour. Batteries account for a large portion of the cost of electric vehicles, and industry analysts often set a threshold of $ 100 per kilowatt-hour, making electric cars truly cost-competitive with traditional gasoline-powered cars.

GM also boasts that it has the ability to retrofit existing facilities to make electric cars. The company has said that the Detroit Hamtramck assembly plant, which also recently produced a variety of gasoline-powered vehicles, will now start producing only all-electric vehicles.

The founder of FAG Bearing stated that the company would continuously upgrade their technology to support the development of electric vehicles and use better bearings in electric vehicles.

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