The Chinese EV battery manufacturer, CATL, is set to revolutionize the electric car market. They’re introducing a new battery technology in a 2024 Chery electric car model.
New Battery Technology
CATL’s ‘Shenxing supercharged battery’ is a lithium iron phosphate (LFP) based battery. It’s affordable and can supercharge to add up to 400km of range in just 10 minutes. However, LFP batteries have some drawbacks compared to the pricier nickel manganese cobalt (NMC) batteries used in high-end EVs. They’re less energy dense, slower to charge, and more affected by ambient temperature changes.
Performance of the New Battery
Despite these challenges, CATL’s new battery promises to bring NMC battery performance to a more affordable LFP design. It can add up to 400km of range in as little as 10 minutes, even at temperatures as low as -10 degrees celsius. It also offers a driving range of 700km.
The launch vehicle for this new battery is a sedan under Chery’s Exceed premium sub-brand. The sedan, dubbed the Sterra ES for the Chinese market, or Exlantix E03 for export markets, is closer to a Tesla Model S in size. It features a luxurious interior and a new styling language.
CATL’s new battery technology could be the next big shift in electric car viability. It’s set to launch before the end of 2023 in China. This innovation could bring down prices for more entry-level electric models.
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