Chinese electric vehicle battery manufacturer CATL recently unveiled a new lithium iron phosphate (LFP) battery with a range of over 1000 kilometers. According to reports from Reuters, Jiemian News, and the Securities Times, CATL introduced the battery, named “Shenxing PLUS,” at the 2024 Beijing Auto Show. This battery not only boasts a long range but also features fast-charging capabilities, allowing a 600-kilometer range with just a 10-minute charge.
LFP batteries are more environmentally friendly compared to traditional lithium-ion batteries, making them increasingly popular in the market. Gao Huan, Chief Technology Officer of CATL’s Domestic Passenger Car Division, stated that the Shenxing PLUS battery is the world’s first LFP battery with such a high range. He also mentioned that four car models currently use the company’s Shenxing Supercharged Battery, which was released last year with a 700-kilometer range, and plans to launch over 50 models equipped with this battery within the year.
Additionally, CATL’s innovation is not limited to the domestic market. In March, Chairman Zeng Yuqun revealed that CATL is collaborating with American electric vehicle manufacturer Tesla to develop new fast-charging battery technology. Both parties are working on a new electrochemical structure to further accelerate charging speeds and enhance the user experience for electric vehicle owners.
According to data from consulting firm Counterpoint Research, CATL and other Chinese battery manufacturers dominate the global electric vehicle battery market. Last year, over two-thirds of the world’s electric vehicle battery capacity came from China, and Chinese manufacturers are growing at a much faster pace than their competitors.
The introduction of the Shenxing PLUS battery by CATL will undoubtedly further solidify its leading position in the global market and bring new breakthroughs to the electric vehicle industry.
