In the beginning of 2023, Tesla announced that it would produce more 4680 battery cells in more efficient ways in 2023. In 2024, the company wants to realize mass production of them. It means that battery cells are still key components to make electric vehicles (EVs) more available in the world. Tesla’s mission is to accelerate the world’s transition to sustainable energy. To realize this mission, the company wants more consumers in the world to purchase its vehicle.

However, the price of Tesla’s vehicles is still expensive. For example, its cheapest model costs more than 40 thousand USD in the US as of March, 2023. Therefore, many people in the world think of Tesla’s vehicle as a luxurious car. The cost of battery accounts for about one third of total costs of an EV. Thus, the announcement from Tesla matches with its direction that it wants to achieve.

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