Tesla to launch Powerwall 2

Tesla will launch “version 2” of its Powerwall in late 2016, according to a report by Engadget.

Tesla head Elon Musk was speaking at a private function when the announcement was made, with the South African stating that “version two of the Powerwall [will launch] around July or August of this year”.

Musk said the new model will provide “moderate improvements” over the existing Powerwall, including a longer life cycle.

The current Powerwall uses batteries from Panasonic, but the new version will use cells built at Tesla’s Gigafactory, stated Engadget.

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Tesla to launch Powerwall 2