That's correct, but note that an electric motor is about twice as efficient as a combustion engine, reducing the factor to about 25x (at least ideally). Typical medium range aircraft burn about 3 kg fuel per km [1], so to fly 1000 km you would need about 3 * 25 * 1000 kg = 75 tonnes of batteries. This should be in the ballpark of what we can pack into an aircraft already, but I guess at least another 2x improvement is needed to make it economical (we want to haul some useful payload, not just the batteries).