Technology
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This is the best summary I could come up with:
CATL, the Chinese battery giant and a major supplier to Tesla, has unveiled its latest product that aims to solve electric vehicles’ charging and range limitations.
The battery, dubbed Shenxing or “god-like movement,” is able to refuel up to 400 kilometers (250 miles) of range in 10 minutes, Gao Han, chief technology officer of CATL’s e-car division, said at a launch briefing on Wednesday.
That means vehicles powered by Shenxing can drive from New York to Boston (about 215 miles) after just 10 minutes of fast charging.
“LFP stands for lithium iron phosphate, a type of battery chemistry that Tesla widely adapted in 2021 for its shorter-range cars in place of nickel-cobalt-aluminum.
China is a big proponent of LFP, a technology spearheaded by its renewable energy darling CATL, which topped the global EV battery market with a 35% share in Q1, according to research firm SNE.
But the EV industry is decelerating as government subsidies shrink and consumption contracts amid a post-COVID economic downturn.
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