I watched the presentation, while doing other things, but got the gist of it. The new battery, along with other improvements promises to be 50 percent cheaper while perhaps doubling the range. Key phrase is "along with other improvements". The battery itself, will allow an increase in power over the old battery, due to more efficient packing into less space, and creates much less heat while fast charging. The new battery is a really big improvement - more power, cheaper to produce, generates less heat, and the ingredients are more available. The cost per kWh will be halved in the next year or two only if the "other improvements" are done. I think this is what spooked investors; they're unsure how soon the "other improvements" can happen despite promises of it happening in the next two years.
“The new battery,along ...”
Pretty amazing if all of those improvements pan out. I view electric vehicles has having a place among those with other sources of power.
I’ve said before that local delivery vehicles and buses seem like a natural use of battery power as they have fixed routes and come home every night for a recharge.
But that ain’t happening so far and I don’t know why.
Those vehicles I mentioned are usually diesel powered.