Amperex, the Chinese lithium-ion car battery maker, says it has developed a car battery that will last for two million kilometers, last 16 years and cost only 10% more than current batteries.
Current EV batteries carry a 150,000 mile, eight year warranty.
The new battery could bring down the cost of EV ownership by allowing a car owner to use it in two successive cars.
Currently he has a contract supplying batteries to Elon Musk with whom he is said to have a good relationship calling Musk a “fun guy”.
Musk has talked about a million mile Tesla on the horizon and GM says it is near to a million mile battery.
Next year, it is predicted by Bloomberg that about 8% of Chinese cars will be battery powered and about 5% of European cars.
Amperex is building a plant in Germany and is expected to supply 70% of BMW’s battery requirement.