There’s a cold war going on behind the scenes of the automotive industry. One could say it’s a race to build the next true alternative to gasoline-powered vehicles but, for our sake today, it’s to engineer the most cost-efficient method for batteries.
Electric vehicle technology is on the upswing and, during a recent conference call with Tesla discussing its quarter-three earnings report, CEO Elon Musk and CTO JB Straubel dismissed weren’t too worried about General Motors, according to Autoblog.
The comments come following the announcement GM has acquired LG Chem battery cells for only $145 per kWh and, during the announcement of GM and LG further aligning their strategic partnership, both companies expect the cost to dip below $100 per kWh by 2021.
Straubel said he is at ease with Tesla’s “cost road map in the future,” with Musk adding they are “constantly agonizing about cell cost and pack cost”, and that he didn’t think “anyone is on a path to be even close to us.”
“If they are, I will be the first to congratulate them,” he finished. “They” being General Motors. Shots fired.