Tesla’s new entry-level hatchback, assumedly named “Model 2”, will start at $25,000. Automaker wants to introduce an affordable 250-mi EV in coming years.
The American premium EV manufacturer plans to make the car in China but for global sales, which should begin in 2023. With this new model, Tesla wants to enter the territory of cheaper, mainstream vehicles, offering a rival to the Nissan Leaf, Volkswagen ID.3, or the Kia Niro EV.
To launch the affordable electric car, Tesla has developed a new type of battery technology. This tech reduces production costs by 50 percent over current methods, provides 5 times more energy, and up to 16 percent more driving range per charge.
Series production of new, less expensive battery packs can begin next year. Their manufacturing cost is estimated at the level of $107/kWh. This is considerably less than current costs.
Well, what should we expect from the Tesla Model 2? – Incredible acceleration, a range of at least 250 miles, the battery capacity up to 50 kWh (it’s still in question), and the lowest price in Tesla history.
The company says the new product will arrive after the Semi, Cybertruck, and Roadster. Tesla will build the European version of the hatchback (let’s name it the Model 2 so far) at its German factory near Berlin, alongside the Model Y and 3. This facility is due to open in early 2022.