The Chinese battery manufacturer CATL, Contemporary Amperex Technology Co. Ltd, secured a leading position in the global EV battery market for Q1 2023 with a 35% market share. Now, the company has introduced a new battery with supposedly impressive charging capabilities. As per the rumors, this battery can extend a vehicle's range by up to 400km with just a 10-minute charge. The battery is referred to as Shenxing, implying a "God-like motion."

"We hope through continuous efforts to improve technology and reduce costs, Shenxing will become a standard product available for every electric vehicle"

Shenxing Overview:

As a key supplier to Tesla, CATL is taking steps to address electric vehicle charging and range constraints through LFP battery. They're planning to start making the world's fastest-charging EV battery by the end of this year. Reportedly, this battery can work well in cold weather and can charge up to 80% in just 30 minutes, even when it's as cold as minus 10 degrees Celsius.

LFP Batteries and the Future of EVs

The Shenxing battery is talked about as the first-ever 4C superfast charging Lithium Iron Phosphate (LFP) battery. Tesla widely used LFP technology in their shorter-range cars in 2021 due to its affordability and stable chemistry.Although LFP batteries have less energy in a smaller space compared to other EV batteries, quick charging for LFP batteries can increase their range. The Shenxing battery is expected to bring a potential to boost range, which is said to be 400km of range in just 10 minutes. Hence, being such a giant, everyone hopes that the CATL brings to the table something impressive.

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CATL LFP Battery Availability

CATL's e-car division introduced the new LFP battery on August 16, 2023. They plan to start the mass production of these batteries later this year. The first vehicles equipped with these batteries are expected to be released in early 2024. We don't know how much the Shenxing battery will cost yet.

• Meanwhile, check out the first look at Yatri Project One.