CATL, a leading Chinese battery producer and significant Tesla supplier, introduced its new battery, named Shenxing, poised to address the range and charging concerns of electric vehicles (EVs). As revealed by Gao Han, the CTO of CATL’s e-car division, this innovation permits charging of up to 400 kilometers (approximately 250 miles) within a mere 10 minutes.
With such rapid charging, Shenxing-powered cars could feasibly travel distances equivalent to New York to Boston after just a 10-minute charge. CATL anticipates that the mass production phase for this battery will kick off by the end of 2023, with shipping starting the following year.
Shenxing is lauded as the world’s inaugural 4C superfast charging LFP battery. “LFP”, denoting lithium iron phosphate, is a particular battery chemistry variant. Notably, Tesla adopted this chemistry in 2021 for its shorter-range vehicles, substituting nickel-cobalt-aluminum batteries.
China, especially through its green energy champion CATL, fervently supports LFP technology. CATL dominated the global EV battery scene with a 35% market share in the first quarter, as per SNE research. LFP batteries, while economically priced and chemically stable, have a comparatively reduced energy density, which can impact EV range.
CATL’s remarkable growth trajectory coincides with China’s recent surge in EV adoption. However, the current pace of the EV market seems to be slowing, challenged by decreasing governmental subsidies and reduced consumption in a post-COVID economic landscape. This slowdown is coupled with intensifying competition, especially from BYD, another major Chinese EV and battery producer.
Source: https://newslinker.co/tesla-supplier-catl-reveals-breakthrough-fast-charging-battery-for-evs/