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Kurt Kelty, VP, Automotive at Sila Nanotechnologies on coming breakthroughs in EV batteries.
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Kurt Kelty, VP, Automotive at Sila Nanotechnologies on coming breakthroughs in EV batteries.

Batteries are the new sexy. Companies like Tesla, Lucid and Sila Nanotechnologies are working on innovations that will lead to 50% reduction in battery costs and huge increases in range during the next 5-10 years. A $25,000 Tesla is on the horizon. Kurt Kelty of Sila Nanotechnologies, a Silicon- Valley-based company now valued at more than $1 billion, will soon supply Daimler and BMW with innovative materials that make breakthroughs on battery range and costs a reality.

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