Can you imagine an EV battery that can provide a range of 370 miles (600 km) with just a 10-minute charge? That’s exactly what China’s CATL has achieved with their new Shenxing Plus EV battery. This groundbreaking battery, according to CATL, is the first in the world to offer 4C ultra-fast charging and a remarkable range of over 620 miles (1,000 km) under the CLTC standard.
CATL continues to make strides in the development of EV battery technology, focusing on creating units that offer longer range and faster charging capabilities.
The company has been a dominant force in the industry, leading the market for the seventh consecutive year in 2023. CATL’s EV battery consumption hit 259.7 GWh that year, while the global total battery consumption increased to 705.5 GWh. CATL held a significant 36.8% market share in 2023, nearly 21% ahead of its closest competitor, BYD.
In the summer of the previous year, CATL unveiled its Shenxing SuperFast Charging Battery, which can add a range of 248 miles (400 km) in just 10 minutes. Their latest innovation, the Shenxing Plus battery, employs a more advanced and cost-effective lithium iron phosphate for even quicker charging. CATL has announced that the Shenxing Plus is the world’s first EV battery with 4C ultra-fast charging and a long-range capability of over 620 miles (1,000 km) under the CLTC standard. This new battery can achieve a range of one kilometer in just one minute and offers superfast charging even at extremely low temperatures of -20°C (-4°F). To enhance the energy density, CATL has incorporated its proprietary 3D honeycomb material, resulting in the Shenxing Plus achieving an energy density of 205 Wh/kg, comparable to most traditional NCM batteries. While LFP batteries are generally cheaper, they are known for their lower energy density. However, CATL’s new battery aims to change this perception. In January, CATL announced its plan to cut the cost of LFP batteries per kWh by a substantial 50% by mid-2024. It appears to be well on track to achieve this goal. In February, CATL joined forces with other Chinese automakers and battery manufacturers, including BYD and NIO, to develop new solid-state batteries.
BYD and CATL are already supplying batteries to major automakers like Tesla, Ford, BMW, Toyota, Kia, and Mercedes-Benz. With the launch of even more advanced and affordable battery technology, CATL is paving the way for more consumers worldwide to embrace electric vehicles.
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Keywords: #electricvehicle #evbatteries #chinatechnology
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