The
battery event, which Musk has touted as being "one of the most
of exciting days in Tesla's history", had previously been
scheduled in May while the shareholder meeting was due to take
place on July 7. Both were postponed due to the coronavirus
pandemic.
The Battery Day event will include a tour of the company's cell
production system, Musk tweeted, without elaborating.
Tesla and China’s Contemporary Amperex Technology Ltd (CATL)
<300750.SZ> are jointly developing batteries designed to last a
million miles of use and enable electric Teslas to sell
profitably for the same price or less than a gasoline vehicle,
people familiar with the plans have said.
With a global fleet of more than 1 million electric vehicles
that are capable of connecting to and sharing power with the
grid, Tesla’s goal is to achieve the status of a power company,
competing with such traditional energy providers as Pacific Gas
& Electric <PCG_pa.A> and Tokyo Electric Power <9501.T>, those
sources said.
(Reporting by Subrat Patnaik in Bengaluru and Hyunjoo Jin in
Seoul; Editing by Anil D'Silva and Edwina Gibbs)
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