CATL launches the world’s first 4C superfast charging LFP battery

On August 16, China’s largest battery maker CATL unveiled the world’s first 4C superfast charging LFP battery, the Shenxing superfast charging battery, based on Chinese media outlet 36Kr. The battery can assist autos to run 400 kilometers after a 10-minute cost, and gives an prolonged vary of over 700 kilometers after being absolutely charged, the agency mentioned at its product launch occasion. Shenxing is about to attain mass manufacturing by the finish of this 12 months and EVs outfitted with Shenxing are anticipated to be launched in the first quarter of 2024, based on the firm. From January to July this 12 months, the cumulative cargo of LFP batteries in China reached 125.6 GWh, accounting for 68.1% of the complete cargo of all batteries, with a year-on-year development of 59.6%. In July, CATL’s cargo quantity for LFP batteries reached 6.86 GWh, capturing a market share of 31.69%, decrease than BYD’s 43.18% market share with a cargo capability of  9.35 GWh, based on information from China’s battery trade affiliation CABIA. [36Kr, in Chinese]