D he battery cells for electric cars are based on vanadium, explains Swatch Group boss Nick Hayek to the Swiss business magazine Bilanz. The first prototype of a production plant has recently been in operation, the first test drives with the new battery should take place in China in March.
More range, longer service life, faster charging
In theory, one could tesla Model S will drive 780 kilometers with such a new battery instead of the previous 530. In addition to increased performance, the new generation of batteries should also offer twice the charging speed and double the service life. We are developing the new vanadium battery together with the ETH Zurich.
Hayek sees enormous market potential for his subsidiary Belenos. Hayek aims to achieve sales of 10 to 15 billion dollars with the new battery technology from Belenos by 2020.