What’s even more impressive is that the battery includes a modular design, which should make it easier to repair and even recycle—another big problem facing EV batteries at the moment.
PARIS — Automakers demonstrated different ways to reduce battery size in new electric vehicles at the Paris auto show as they try to lower the cost of the most expensive component in an EV.
Nikhil Bhandari, co-head of Goldman Sachs' Asia-Pacific Natural Resources and Clean Energy Research arm, said two key factors are driving the rapid decline in EV battery costs. First ...