When fully charged, the battery is charged enough to travel more than 700 km without recharging, about 60% higher than an average electric vehicle in 2023.
CATL says the increase in battery capacity and charging time is achieved by an "all-new superconducting electrolyte formulation" that improves conductivity.
“The future of EV battery technology must be firmly held at the global technological frontier, along with economic benefits,” said Dr. Wu Kai, Chief Scientist at CATL.
As electric vehicle consumers move from pioneer to mainstream, we need to make innovative technology accessible to everyone and allow everyone to enjoy the fruits of innovation.
CATL, which has already produced more lithium-ion batteries than any of its competitors by 2022, plans to begin mass production of next-generation batteries later this year.
The company did not reveal which automakers will receive the batteries first, although its customers include BMW, Daimler AG, Honda, Tesla, Toyota, Volkswagen and Volvo.
Electric car sales have seen record growth in recent years, with more than 10 million vehicles sold last year, but they still account for less than a fifth of total car sales.
According to the International Energy Agency, range anxiety remains one of the biggest hurdles for consumers when considering buying electric vehicles, which has prompted automakers like CATL to invest heavily. to overcome this obstacle.
Other challenges include access to battery material and battery degradation, although CATL says this latter issue is not an issue with their latest battery.
Most major automakers have set a goal of phasing out internal combustion-engine cars entirely by 2040, and IEA estimates show sales of electric cars will outpace sales of gas-powered cars.
fossil fuels for the next 15 years, although battery breakthroughs could further reduce this time scale.
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