The company's earlier data had shown that battery degradation varied depending on the vehicle model and battery pack, with the 90 kWh pack losing capacity faster than the 85 kWh pack.Īlthough few Model 3 and Model Y vehicles have reached 100,000 or 200,000 miles, early data from these models show strong capacity retention of less than 10% after 100,000 miles and less than 15% after 200,000 miles. Tesla's latest report shows that the average battery capacity retention stays well within its vehicle warranty guarantee. The company plans to disclose other datasets for new battery chemistries used in more recent vehicles.
Tesla's updated data on battery degradation is for Model S and Model X vehicles. The automaker states that the longer a battery pack can operate, the longer it will keep the car from being scrapped for recycling and keep the entire car in operation.
#Lucid motors spac merger update#
This update comes as part of Tesla's annual "Impact Report," which calculates the environmental impact of its electric vehicles. Tesla claims that its batteries lose only about 12% of capacity after 200,000 miles. #Tesla has provided an update on the battery degradation in its electric cars, a critical concern for electric vehicle buyers and a crucial factor in making electric cars more sustainable. Tesla gives update on battery degradation: #LucidMotors #Tesla #EVs #SPAC #Investing #FutureOfTransportation What do you think? Can Lucid beat Tesla in the long run, or is Tesla too far ahead in the game? Share your thoughts in the comments below. As more companies enter the market and consumers become increasingly interested in electric vehicles, it's possible that Lucid could carve out its own niche and become a serious contender. 🚀īut can Lucid truly challenge Tesla's position in the market? Only time will tell, but it's clear that the competition is heating up in the EV space. The company is also developing a factory in Arizona that will produce its electric drivetrain technology, which it plans to sell to other automakers. While Tesla has been a dominant force in the EV market for several years now, Lucid is making waves with its highly anticipated Air luxury sedan, which boasts impressive range, power, and speed. The planned expansion for the facility could bring capacity to 365,000 units annually.With Lucid Motors going public via a SPAC merger, many investors and industry experts are wondering if the luxury EV startup has what it takes to compete with the likes of Tesla in the long run. The CEO said the company plans to ramp up production in the third quarter of 2023 to 85,000 vehicles annually from the Arizona factory. Lucid Motors CEO Peter Rawlinson told Jim Cramer on “Mad Money” last week that the company’s order book was filling up. Plans are underway to complete Phase II of the company’s Arizona production facility that could make space for Gravity production. The Gravity SUV is scheduled to be released in 2023. The new battery plans and leaked images for the Gravity could help boost investor confidence in the long-term plans for Lucid Motors. The company is also working to complete its SPAC merger with Churchill Capital Corp IV. Why It’s Important: Lucid Motors is set to deliver its Lucid Air electric vehicle in the second half of 2021. Related Link: 9 Key Takeaways From The Lucid Motors SPAC Merger Changes include ore glass to the roof and a longer back. The images differ from pictures the company had previously shared, including during its investor presentation. Electrek shared images that were filed with the European Union Intellectual Property Office. New images also circulated online showing the Lucid Motors Gravity SUV. Lucid Motors wants ways to repurpose the batteries going forward. Lucid Motors is experimenting with energy storage systems for both commercial and residential customers.īatteries typically retain a charging capacity of 70% after being removed from an electric vehicle. TechCrunch reported that Lucid Motors sees a second life for its electric vehicle batteries in the energy storage space. What Happened: Lucid Motors, which is going public with Churchill Capital Corp IV (NYSE: CCIV), has unveiled plans to put its batteries to use in the energy storage market. Lucid Motors - focus of one of the most anticipated SPAC mergers of 2021 - is out with some news on its battery plans and images for a new SUV.
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