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This endeavor is revolutionary within the automotive industry, employing an environmentally friendly process that significantly reduces energy use while increasing sustainability. Eliminating chemical solvents in lithium production enhances Tesla’s overall commitment to not just producing batteries efficiently but doing so in a manner that is environmentally responsible.
Cost Efficiency and Market Competitiveness
Since its inception, Tesla has pursued not just innovation in battery technology but also cost-efficiency. Announcing plans to reduce the cost per kilowatt-hour by 56% at its Battery Day in 2020, Tesla is now seeing its 4680 batteries emerge as the cheapest available on a per kilowatt basis.