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Investing.com -- Tesla (NASDAQ:TSLA) is preparing to unveil a significant innovation in its Cybertruck batteries this year, which could dramatically reduce battery manufacturing costs, according to The Information, citing a senior executive’s statement on Wednesday. Bonne Eggleston, the senior director of the battery program, revealed that Tesla plans to introduce dry cathodes later this year. This new method eliminates the need for expensive and toxic wet solvents and massive drying ovens, traditionally used in battery production.
Tesla has suggested that this new manufacturing technique could save the company upwards of $1 billion annually, contingent on the volume of electric vehicle production. Although Eggleston did not provide a specific timeline for the implementation of the new process, a person with knowledge of the matter indicated that the transition could occur within the next few months.
The introduction of dry cathodes is the culmination of a lengthy initiative by Tesla. In 2020, CEO Elon Musk announced the company’s transition to dry electrodes, aiming to reduce battery production costs by over 50% and significantly scale up manufacturing.
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