At an online investor conference, General Motors executive vice president Doug parks said the company is also developing the next generation of batteries that are more advanced than the new ultium batteries released in March.
He did not specify a timeline for the launch of the million mile life battery, but said GMs multiple teams are developing advanced technologies such as zero cobalt electrodes, solid-state electrolytes and ultra-high-speed charging.
It is reported that the current battery life of electric vehicles is usually 100000 to 200000 miles (160000 to 320000 km). It was previously reported that Tesla plans to work with Chinese battery manufacturer Ningde times to launch a million mile life battery later this year or early next year.
Ningde times supplies batteries to other automakers and has signed supply agreements with GM and its Chinese partner, Shanghai auto.
In March this year, General Motors launched its advanced ultium battery system. On Tuesday, the company said its $2.3 billion battery production joint venture with South Korean partner LG Chemical in Ohio would be named ultium cells LLC.
Adam kwiatkowski, Chief Executive Engineer of GMs electric propulsion system, said at another online investor meeting on Tuesday that GM and LG Chemical are looking for ways to reduce battery costs.
He said the partners are investigating various initiatives such as investing in mines, hedging metal prices and working with metal smelters.
General Motors CEO Mary Barra reiterated earlier this year that the company plans to sell 1 million electric vehicles a year in the U.S. and China markets by 2025. (Chenchen)
Source: NetEase science and technology report editor: Wang Fengzhi_ NT2541