Wall Street analysts tore down 7 competing electric-vehicle batteries a?? and say Tesla is once again leading the pack

Wall Street analysts tore down 7 competing electric-vehicle batteries a??В and say Tesla is once again leading the pack

Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai

Tesla's held a comfortable lead on electric-vehicle manufacturing and sales for years, after virtually inventing the industry on its own.

But now it's not the only player in town, and competitors are quickly catching up, according to UBS.

To understand manufacturing costs and technology, analysts at the bank tore down seven battery models used by various competitors.

They found Tesla still has a comfortable lead and continues to out-innovate, but said companies like Volkswagen stand a decent chance of catching up soon.

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The competition in electric vehicles comes down to one thing: batteries.To better understand who's employing the best batteries on its cars a?? and how much they're spending to do it a?? analysts at the investment bank UBS compared seven cells from all major manufacturers, including Tesla and its suppliers, as well as those for Volkswagen, General Motors, Toyota, BMW, and more.Perhaps unsurprisingly based on pasts tests, Tesla once again came out on top by most measures. But because it relies on suppliers like CATL, LG Chem, and Panasonic who also supply other automakers, the lead is only slim, UBS says. "While Tesla continues to lead with the best overall powertrain technology," the analysts write, "the cost lead in battery cells is minor by now and will depend on its new proprietary cell design in the future."
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