Battery giant Contemporary Amperex Technology Co. Ltd. unveiled a new superfast-charging battery Wednesday that could be a game-changer in helping cure range anxiety and encourage drivers to switch to electric vehicles.
The world’s biggest maker of clean car batteries showed off its new ‘Shenxing’ cell, which can charge to a range of 400 kilometers (248 miles) in just 10 minutes. It is also capable of powering up in extremvCATL’s e weather conditions, the company said.
Mass production of the superfast-charge battery will start by year-end, and it will be commercially available from the first quarter of 2024. The so-called lithium-iron-phosphate, or LFP, battery is capable of 700km of range on a full charge.
Battery giant Contemporary Amperex Technology Co. Ltd. unveiled a new superfast-charging battery Wednesday that could be a game-changer in helping cure range anxiety and encourage drivers to switch to electric vehicles.
The world’s biggest maker of clean car batteries showed off its new ‘Shenxing’ cell, which can charge to a range of 400 kilometers (248 miles) in just 10 minutes. It is also capable of powering up in extreme weather conditions, the company said.
Mass production of the superfast-charge battery will start by year-end, and it will be commercially available from the first quarter of 2024. The so-called lithium-iron-phosphate, or LFP, battery is capable of 700km of range on a full charge.
CATL has a global market share of 36.8%, more than double than its nearest rival BYD Co., according to SNE Research. It supplies to a vast array of companies including Tesla, Mercedes-Benz Group AG, Hyundai Motor Co., Nio Inc. and Volkswagen AG.