At the moment, range anxiety represents one of the main challenges associated with the electric vehicle industry. This has urged manufacturers across the globe to research a variety of innovative battery formats.
Recent reports indicate that General Motors has just unveiled Ultium — a new battery system that is bound to outcompete most other EV batteries available on the market.
To put things into perspective, a Tesla Model 3 is currently capable of driving for about 322 miles before running out of juice. GM’s Ultium, on the other hand, would allow a range of up to 400 miles, alongside quicker acceleration.
Reports on the new system suggest that GM’s battery pack is easier and cheaper to manufacture compared to other market competitors. What’s more, the US carmaker has vowed to keep battery costs below the $100/kWh threshold.
The Ultium battery is part of GM’s $20 billion EV investment. Likewise, the newly-released battery pack will likely be used on all GM brands, such as Chevrolet, GMC, Buick, and Cadillac. Furthermore, General Motors plans to license this battery to other vehicle manufacturers, paving the way towards cheaper EVs and an overall end to range anxiety.
Many market experts expect Tesla to be worried. After all, it currently holds the record when it comes to long-range capabilities, and a new battery on the block may allow other manufacturers to create cheaper luxury and long-range electric vehicles.
Of course, Tesla is actively investing in its own research and development branch, to ensure the development of new technology capable of securing the company’s long-term success and sustainability.
We’ll just have to wait and see.