Tesla Supplier CATL Unveils New Battery Capable Of Powering EVs For 620 Miles On Full Charge

Tesla Inc. supplier Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest electric vehicle battery manufacturer, has unveiled a new battery that can significantly enhance the driving range of electric vehicles (EVs).

What Happened: CATL, at the Auto China show in Beijing, introduced the Shenxing Plus battery pack, which can power a car for up to 600 kilometers (370 miles) on a 10-minute charge, reported Bloomberg on Tuesday. The lithium-iron-phosphate battery can provide a range of 1,000 kilometers or over 620 miles on a full charge. Even the Lucid Air sedan, among the highest-range EVs in the market, offers a maximum range of only 516 miles.

This new battery is an upgrade from the Shenxing, which was launched in August. The earlier version could power a vehicle for 400 kilometers from a 10-minute charge or up to 700 kilometers on a full charge. The Shenxing battery is currently used in 50 EV models, including one Xiaomi SU7 variant, the report noted.

Why It Matters: The release of the Shenxing Plus battery is a significant development in the EV industry. It addresses two major concerns that have been hindering the widespread adoption of EVs: range anxiety and lack of charging infrastructure. This innovation could potentially accelerate the transition to electric vehicles, especially in China, which is the world’s largest EV market.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

CATL Photo by monticello on Shutterstock