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August 18, 2023
2 Min Read
New battery announcement by CATL.Courtesy of CATL
Fast charging for electric vehicles (EVs) represents a transformative leap forward in the realm of sustainable transportation. By dramatically reducing charging times, fast charging technology eliminates the inconvenience of lengthy waits at charging stations, making EVs an even more practical and viable choice for daily use. This advancement not only alleviates range anxiety but also enhances the overall driving experience by allowing EV owners to recharge their vehicles quickly during breaks or errands.
The introduction of the Shenxing battery by CATL addresses a crucial concern that has long held back EV adoption – fast charging anxiety. With the Shenxing battery, CATL claims to have broken the barriers of conventional charging speeds, delivering a game-changing 4C superfast charging solution.
“The future of the EV battery technology must remain steadfastly anchored at the global technology frontier as well as the economic benefits," stated Dr. Wu Kai, Chief Scientist of CATL, speaking at the launch event. "As EV consumers shift from pioneering users to ordinary users, we should make advanced technology accessible for all and enable everyone to savor the fruits of innovation.”
Redefining LFP batteries
CATL's breakthrough is based on advancements in battery technology, focusing on electrochemistry, material innovation, and system structure improvements. By leveraging super-electronic network cathode technology and nano-crystallized LFP cathode material, the Shenxing battery enhances lithium ion extraction, intercalation rate, and transmission rate. This translates to faster charging times, extended range, and improved overall performance.
The battery incorporates features to address charging challenges across various conditions. According to CATL, the new battery maintains a fast charging speed even at low temperatures, allowing it to charge to 80% state of charge (SOC) in only 10 minutes at room temperature and achieve 0-80% charge in 30 minutes at temperatures as low as -10°C. Moreover, CATL has integrated safety measures, including upgraded electrolytes, coated separators, and intelligent algorithms for real-time fault testing. This combination ensures a high level of safety during fast charging.
As CATL unveils its groundbreaking battery technology, the EV battery market is poised for exponential growth. As industry leaders continue to push the boundaries of battery efficiency, safety, and performance, the trajectory of the EV battery market is set to soar, making emission-free transportation an increasingly attractive and accessible reality for people around the world. According to Markets and Markets, the global EV battery market size was valued at $56.4B in 2022 and is projected to reach $134.6B by 2027, growing at a CAGR of 19.9% from 2022 to 2027.
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