China’s CATL Unveils Game-Changing Fast-Charging LFP Battery, mass production of the new battery by the end of the year

[beijingwalker]

China’s CATL Unveils Game-Changing Fast-Charging LFP Battery​

August 16, 2023

The firm says it expects to begin mass production of the new battery – called Shenxing – by the end of the year​

People walk past the booth of the battery manufacturer Contemporary Amperex Technology Co Limited (CATL) at the Auto Shanghai show, in Shanghai, China, on April 18, 2023. Photo: Reuters

Chinese battery giant CATL has unveiled a super-fast-charging lithium iron phosphate (LFP) battery capable of running 400 km (248 miles) on a 10-minute charge.

Mass production of the new battery – called Shenxing – is expected by the end of the year while electric vehicles equipped with them will hit the market in the first quarter of 2024, Gao Han, chief technology officer of CATL’s E-Car Business, told an online briefing on Wednesday.

“We hope through continuous efforts to improve technology and reduce costs, Shenxing will become a standard product available for every electric vehicle,” Gao said.

CATL has scrambled to maintain its industry leadership while facing challenges of weakening demand and pressure to cut costs from EV makers amid a price war and a slowdown in auto sales this year.

CATL, which counts Tesla as its biggest client, has been losing market share to BYD, a major automaker that powers all its EVs with its own batteries.

Automakers such as Chongqing Changan Automobile and Guangzhou Automobile Group also sourced more batteries from smaller suppliers to reduce costs.

China’s CATL Unveils Game-Changing Fast-Charging LFP Battery

The firm says it expects to begin mass production of the new battery – called Shenxing – by the end of the year

www.asiafinancial.com

 

[beijingwalker]

China's CATL launches world's first 'superfast' battery that offers 400km range from 10 mins charge​

Reuters
20 August, 2023, 10:40 am

Mass production of the new battery called Shenxing is expected by the end of the year while electric vehicles equipped with Shenxing batteries will hit the market in the first quarter of 2024​

People walk past the R&D centre of Contemporary Amperex Technology Ltd (CATL) in Ningde, Fujian province, China, December 16, 2016. REUTERS/Jake Spring/Files

Chinese battery giant CATL on Wednesday launched a fast charging lithium iron phosphate or LFP battery capable of running 400 km (248 miles) on a 10-minute charge.
Mass production of the new battery called Shenxing is expected by the end of the year while electric vehicles equipped with Shenxing batteries will hit the market in the first quarter of 2024，Gao Han, chief technology officer of CATL's E-Car Business, told an online briefing.

"We hope through continuous efforts to improve technology and reduce costs, Shenxing will become a standard product available for every electric vehicle," Gao said.

CATL has scrambled to maintain its industry leadership while facing challenges of weakening demand and pressure to cut costs from EV makers amid a price war and a slowdown in auto sales this year.

CATL, which counts Tesla as its biggest client, has been losing market share to BYD , a major automaker that powers all its EVs with its own batteries.

Automakers such as Chongqing Changan Automobile and Guangzhou Automobile Group also sourced more batteries from smaller suppliers to reduce costs.

China's CATL launches world's first 'superfast' battery that offers 400km range from 10 mins charge

Mass production of the new battery called Shenxing is expected by the end of the year while electric vehicles equipped with Shenxing batteries will hit the market in the first quarter of 2024

www.tbsnews.net

 

[jhungary]

China’s CATL Unveils Game-Changing Fast-Charging LFP Battery​

August 16, 2023

The firm says it expects to begin mass production of the new battery – called Shenxing – by the end of the year​

People walk past the booth of the battery manufacturer Contemporary Amperex Technology Co Limited (CATL) at the Auto Shanghai show, in Shanghai, China, on April 18, 2023. Photo: Reuters

Chinese battery giant CATL has unveiled a super-fast-charging lithium iron phosphate (LFP) battery capable of running 400 km (248 miles) on a 10-minute charge.

Mass production of the new battery – called Shenxing – is expected by the end of the year while electric vehicles equipped with them will hit the market in the first quarter of 2024, Gao Han, chief technology officer of CATL’s E-Car Business, told an online briefing on Wednesday.

“We hope through continuous efforts to improve technology and reduce costs, Shenxing will become a standard product available for every electric vehicle,” Gao said.

CATL has scrambled to maintain its industry leadership while facing challenges of weakening demand and pressure to cut costs from EV makers amid a price war and a slowdown in auto sales this year.

CATL, which counts Tesla as its biggest client, has been losing market share to BYD, a major automaker that powers all its EVs with its own batteries.

Automakers such as Chongqing Changan Automobile and Guangzhou Automobile Group also sourced more batteries from smaller suppliers to reduce costs.

China’s CATL Unveils Game-Changing Fast-Charging LFP Battery

The firm says it expects to begin mass production of the new battery – called Shenxing – by the end of the year

www.asiafinancial.com

Old news, soon CATL would lose Tesla as their biggest client

Analysts: Tesla one step closer to making own EV batteries, reducing dependence on China

Analysts say the move ramps up Tesla's capacity to make its own lithium-ion batteries and decrease its dependence on China for graphite.

www.usatoday.com

You may as well sweep up all Chinese brand