CATL has unveiled a new battery with an impressive charging capability. The new battery can add up to 400km of range in just 10 minutes of charging. The fast charging technology of the new CATL battery has far-reaching positive implications for the market. The battery is called the Shenxing or god-like movement. CATL topped the global EV battery market in the first quarter of 2023 with a 35% market share.
CATL is a Chinese battery manufacturing powerhouse and a major Tesla supplier. The new battery is designed to solve electric vehicles’ charging and range limitations. The new Shenxing battery was launched by CATL’s e-car division during an event on August 16, 2023. Mass production of the CATL Shenxing will begin at the end of this year. The earliest shipping of the new battery will begin in early 2024.
The Shenxing is being propped as the world’s first 4C superfast charging Lithium Iron Phosphate (LFP) battery. The LFP technology was widely adopted by Tesla for its shorter-range cars in 2021. LFP batteries are known for their affordability and chemical stability. They however have a lower energy density than other types of EV batteries.
Fast charging technology for LFP batteries can help to deliver a higher range. The Shenxing is therefore being awaited with high expectations. It is unclear what would be the maximum range of the new battery but we expect it to be substantial. There are no pricing details yet for the upcoming CATL Shenxing battery.
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