Fresh details show how Tesla is winning the car race and leaving Porsche & GM behind

Fresh details show how Tesla is winning the car race and leaving Porsche & GM behind

- Information available shows that Tesla offers the most affordable battery packs for electric cars

- Tesla's battery packs were ranked ahead of those produced by GM and Porsche

- Tesla sells its packs for cost $158 per kilowatt-hour (kWh) compared to that from Porsche Taycan which costs $200

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Tesla Inc has been ranked as the best car maker in terms of battery packs, has learned.

A report by Cairn Energy Research Advisors show that its battery packs have been ranked as better, compared to those of GM and Porsche.

Information available shows that Tesla is likely to be paying less for the packs compared to the two others.

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Per a report by Business Insider, Tesla’s packs cost 25% to 60% less than those of its competitors.

The battery pack, per reports available, is the most expensive component of an electric vehicle.

Tesla says the pack, which is made with cylindrical cells, cost $158 per kilowatt-hour (kWh) in 2019.

Those made with a pouch, like the type used in Porsche Taycan and Chevrolet Bolt EV, cost $200 per kWh in 2019.

Those which are prismatic cells, such as the type used by BMW, cost, $253, according to Cairn.

It is estimated that the trend will continue for the next decade and by then the prices per kWh for cylindrical, pouch, and prismatic-cell packs will fall to $98, $137, and $143, respectively.

In other news, a reporter with American media company, Bloomberg, has ranked Ghana’s economy as one to watch in the near future.

Bloomberg’s reporter, Noah Smith, argued that the country has performed creditably on development metrics and simply needs to break free of dependence on commodities.

The report added that there are key indicators that show a country is becoming a pacesetter.

It has been argued that Ghana has certain advantages in the sub-region with regard to geography, institutions and human capital.

As a country with a coast, Ghana has two ports that are used to ship and receive goods and with over 31 million people.

The country is therefore well-positioned to create a substantial domestic market. The report goes on to say that Ghana is well branded with regard to essential aspects of a nation’s building process such as quality of governance, freedom and democracy and the ease of doing business.

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