Panasonic intends to create a new kind of higher-capacity battery within two years, which could enhance the driving range of electric vehicles, marking a significant breakthrough for the supplier of Tesla.

The Japanese firm aims to remove the anode in battery production to enhance energy density using technology it claims will achieve a "world-leading level" of capacity by late 2027. Panasonic stated that if realized, the enhancement would result in a 25% boost in battery capacity. This would enhance the driving range of Tesla's least expensive sport-utility vehicle, the Model Y, by nearly 90 miles (approximately 145 km), given the existing battery pack size.

Panasonic could also leverage the technology to produce lighter—and perhaps less expensive—battery versions while maintaining the existing driving range and reducing the battery pack size.

An executive from the company informed journalists about the anode-free technology prior to a presentation by Shoichiro Watanabe, the technology head at Panasonic Energy, the group's battery division.

Also Read: 5 Budget-Friendly Water Purifiers for this Monsoon

Numerous international battery manufacturers are also pursuing this technology.

Panasonic's suggested design lacks an anode during the production phase. A lithium metal anode is created in the battery following its initial charging. This would create space for more active cathode materials - nickel, cobalt, and aluminum - to enhance capacity without altering the volume.

Also Read: AI Appreciation Day: From Innovation to Transformation

Panasonic stated it plans to decrease the percentage of nickel, which is comparatively pricier.

Also Read: Jack Dorsey's BitChat Could be Signaling a New Shift in Messaging Paradigms

It remained uncertain if the technology would enable Tesla to reduce prices, and Panasonic chose not to elaborate on production expenses. This month, Reuters revealed that Tesla's market share in the U.S. fell to its lowest level in nearly eight years in August as consumers opted for electric vehicles from an expanding group of competitors instead of the outdated models provided by Elon Musk's firm.