Tesla’s battery supplier says it’s made a battery that can last 16 years and 1 million miles

Contemporary Amperex Technology Co. Ltd (CATL), the electric vehicle battery producer which supplies Tesla, says it has made a battery that can last 16 years and over 1 million miles. CATL Chairman Zeng Yuqun told Bloomberg the battery is ready to produce, and that it is about 10% more expensive than the batteries currently on the market. Reuters reported in May that Tesla was jointly working on a million-mile battery with CATL. It has not been confirmed whether this is the same battery. Visit Business Insider’s homepage for more stories.

Tesla’s battery supplier says it’s made a