CATL gives it a 10-year or 600,000 miles warranty, and guarantees that it will have 85% capacity retention at that stage. For comparison, current batteries in Teslas and other electric cars only.
CATL also got into a partnership with NIO to help it test and deploy lifetime electric car batteries that will allow EV makers to give a 15-year battery warranty. This could spearhead the used EV market, as more than 20 million electric cars will start coming out of warranty in the next few years.
In fact, NIO and CATL are not only striving to deploy 15-year EV battery warranty, but also to mandate 85% remaining capacity after that period. This is a far cry from the 70% retained capacity that Tesla and other EV makers now give after their typical 8-year warranties expire.
CHINA DAILY Nio, a leading Chinese new energy vehicle startup, signed a framework deal with battery maker CATL on Thursday to develop batteries that can power electric vehicles for up to 15 years, almost double the current national warranty standard. They are yet to give a production schedule for the new longer-life batteries.
They are yet to give a production schedule for the new longer-life batteries. The current national standard, which was announced in 2016, stipulates that power batteries have a warranty of eight years or a mileage of 120,000 kilometers.
Contemporary Amperex Technology (CATL) revealed the new battery during the online conference on Friday evening. Tianxing-B will have a warranty of 10 years or 1 million kilometers (620,000 miles). Thanks to the IP69 waterproof rating, the battery can handle being underwater for up to 72 hours.
The current national standard, which was announced in 2016, stipulates that power batteries have a warranty of eight years or a mileage of 120,000 kilometers. That means, from this year on, EV buyers are expected to replace their batteries and the number is to grow sharply as EVs are a serious choice for car buyers.
Grid-Tied (5 kW): $4,000–$7,000 USD (inverter + installation; panels purchased separately). The typical cost of a solar panel system is between $15,000 to $25,000, depending on system size and complexity. Furthermore, as demand for how much do solar panels cost grows, market prices are influenced by global factors such as supply chain disruptions and material costs. It provides smart PV solutions for residential, commercial, industrial, utility scale, energy storage systems, and microgrids. Off-Grid (8 kW + 2x Batteries): $15,000+ USD. Quality, performance and worldwide delivery from an authorized distributor.
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