Plans and forecasts

Battery supplier for Tesla and Volkswagen electric cars, China's Contemporary Amperex Technology is ready to start producing batteries with a 16-year life, or 1.24 million miles (about 2 million km) of total mileage. The production cost of a "perpetual" battery is only 10 percent higher than other batteries on the market, which will not affect the price of an electric car very much. The ability to move a long-life cell from an old car to a new car will significantly reduce the cost of an electric car.