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Tesla new low-cost, long-life batteries in Model 3 MIC later this year

Tesla plans to introduce a new low-cost, long-life battery in its Model 3 in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid. Tesla is not just a car company, it’s an energy company, and this is yet another great move by Tesla in that direction.

Read more: Reuters