The cost of Tesla's battery will be reduced to 50-55 US dollars / kWh in the future.

SMM: according to reports, Tesla CEO Elon Musk said at the European Battery Conference a few days ago that Tesla's long-term goal is to reduce the cost of the battery pack to 50-55 US dollars / kWh.

At present, the cost of the battery pack is still very high, with an average market cost of about $156USD / kWh except Tesla by the end of 2019. Tesla has kept the actual cost of his battery pack a secret, but Mr Musk has previously revealed that the company will cost less than $100per kilowatt-hour by the end of 2018.

The new 4680 battery previously released by Tesla shows that relying on the new battery technology and the production process controlled by Tesla, the range of Tesla's model can be increased by 54% in the future, the battery cost per kWh will be reduced by 56%, and the investment cost per kWh will be reduced by 69%. As a result, it can be estimated that after 4680 batteries are put into production in the future, Tesla may be able to reduce its cost to about $50-55 / kWh.

Mr Musk said Tesla was now able to produce cars with long mileage and fast charging. However, in order to make these cars cheaper and cheaper, the company must continue to reduce the cost of battery production. At the same time, reducing the production cost of batteries will be the key that the pricing of electric vehicles is the same or even lower than that of internal combustion engines.

Editor's comments:

Tesla has made several rounds of price cuts in China, relying on lower costs of spare parts, including batteries, and now Tesla has put forward a challenging battery cost target, as Musk said. the move is to further lower the price of electric cars, even lower than fuel cars, in order to achieve better competitive advantage and sales profits. Do you think electric cars are at the same price as fuel cars of the same class? How many years can it be realized? Please tell us what you think in the comments section.