CATL Unveils Shenxing Battery, Set to Redefine EV Standards
CATL, the world's leading electric vehicle (EV) battery supplier, has unveiled the Shenxing battery. The company's Chief Technology Officer, Gao Huan, predicts it will redefine EV standards. While the first automaker to receive the battery remains unknown, its European focus is clear.
The Shenxing battery is designed to power over 67 EV models this year, demonstrating exceptional performance in cold temperatures. It outperforms competitors like BYD and Tesla in rapid charging, adding 500 miles of range in just 15 minutes at -10°C. This impressive feat is a testament to CATL's ongoing dominance in the stock market today EV battery market, a position it has held for eight years.
CATL supplies major car brands such as Tesla, BMW, Volkswagen, and Ford. Its latest innovation, the Naxtra battery, offers a range of up to 310 miles per charge and enhanced safety in extreme weather conditions. Set to enter mass production by the end of the year, the Naxtra battery is a cheaper and safer alternative to traditional lithium and lead-acid batteries.
In 2024, CATL held a significant market share of 38%, followed by BYD with 17.2% according to SNE Research. The company continues to push boundaries with the Shenxing battery, which can charge from 5% to 80% in just five minutes. This remarkable feat further cements CATL's position as a leader in stock market today EV battery technology.
CATL's Shenxing battery, with its unparalleled charging speed and cold-weather performance, is poised to set new standards in the EV industry. As the first automaker to adopt this technology remains unknown, anticipation builds for the official announcement. Meanwhile, CATL's Naxtra battery promises to make EV ownership more accessible and safer, further expanding the company's influence in the stock market today.
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