The car is a joint venture of SAIC Motor Corp Ltd (600104.SS), General Motors Co (GM.N) and Wuling Motors (0305.HK). read moreĬarmakers in China have rolled out small, low-cost EVs like the Wuling Hongguang Mini - which even with recent battery price rises still sells for around $6,500. but with the same experience as today (with fossil-fuel cars) where you can fill up in 5 minutes."Ĭhina dominates global EV battery production and companies like Contemporary Amperex Technology Co (CATL) (300750.SZ)are developing batteries to go farther on a single charge. "For more cost-sensitive mainstream adoption, you need smaller battery packs. ![]() "Early adopters at the higher end of the market wanted bigger battery packs and longer range because they could afford it," said Sai Shivareddy, chief executive of Nyobolt, a startup developing niobium oxide anode materials for batteries that can charge in minutes. ![]() The battery is an EV's most expensive part, so true fast charging coupled with widely available chargers - a lack of charging infrastructure today is seen as slowing broader adoption of EVs - would allow automakers to build cars with smaller batteries at more affordable prices, yet boost profit by selling more vehicles to a broader audience. In the quest for smaller batteries that charge extremely quickly, the startup firms are experimenting with materials like silicon-carbon, tungsten and niobium. ![]() While carmakers today chase market leader Tesla Inc (TSLA.O), seeking to build cars that can travel 300 miles (482 km) or more between charges, battery startups expect range will matter less as public electric vehicle (EV) chargers become ubiquitous. CAMBRIDGE, England, July 11 (Reuters) - In the race to go electric, carmakers have focused on range to ease consumer anxiety over charging infrastructure, but battery makers are already working on the smaller, longer-lasting and cheaper batteries of the future, which also charge more quickly.
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