I expect other EV makers to make similar "cheap" EV's, with similar c. 480 mile range; & big increase in EV sales can be expected.
Bodes well for ESS, & shareholders.
"GM targets the masses with its $30,000 all-electric Chevrolet Equinox S"
https://techcrunch.com/2022/09/08/gm-targets-the-masses-with-its-30000-all-electric-chevrolet-equinox-suv/