On September 22, 2020, “Battery Day” was held; a very special day for technology and the advancement of electric vehicles, that day the company Tesla Motors announced favorable news for the future manufacture of new electric vehicles and for all those people who want to be able to buy this type of vehicles at a better and lower price.
Tesla and lithium mining
As we already mentioned in “Battery Day”, another breakthrough was announced by the company Tesla Motors, which is chaired by Elon Musk, first, the company presented to the world its new Project which is related to lithium mining, as Elon Musk reported, the Tesla company has the rights to exploit a deposit of lithium clay somewhere in the Nevada desert, this after it acquired the deposit which has 10 thousand acres, therefore it is already official that Tesla begins a new incursion, but this time in the mining industry.
Why lithium mining industry?
By acquiring this lithium clay deposit, Tesla claims to exploit this mineral more effectively, and as if that were not enough, Tesla plans to build its own cathode facility in North America and additionally will build a plant to process lithium, with this investment Tesla seeks to take advantage of the abundance of all North American resources that exist for nickel and lithium, and in that way simply this would give them all the control over the production chain of these minerals since they would control its extraction, processing, batteries manufacturing and even its recycling.
This is of great significance since they would be skipping all the middlemen and this would be reflected in lower production costs and according to the studies they are estimating that by using their new extraction and processing technology, lithium in this area of Nevada would be sufficient to support the electrification of the entire US electric vehicle fleet.
New Tesla Battery
On the other hand, the revelation of the new Tesla cell 4680 was another of the news and good news that the company announced on the day of the event and is that with this new cell model, Tesla promises six times more power and five times more capacity than its previous cells. With this news, Tesla has a long term goal, estimated from three years from now the sale of a low-cost electric vehicle to the mass market and this will be thanks to the sharp reduction in the battery cost. The price reduction has already happened in other models of Tesla vehicles and you can know this in our article entitled Elon Musk reduces the price of the Tesla Model S due to reduction in the production costs of the vehicle.
The price of the Tesla Model 3 Standard vehicle at present is approximately 35,000 dollars, and according to Elon Musk, the following was announced in the event “In about three years from now, we are confident that we will be able to build a convincing $25,000 dollars electric vehicle that is also completely autonomous”.
What do you think about this topic? Do you know of other successful Elon Musk projects?
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Imagen of Chris Wiedenhoff via Pixabay.com under Creative Commons license.
