Latest news with #GaoHuan
Time of India
24-04-2025
- Automotive
- Time of India
New challenge for Musk's Tesla? China's EV giant reveals next-gen battery with lightning-fast charging
China's battery powerhouse CATL has unveiled a new generation of electric vehicle technology that could threaten Tesla 's global dominance. The company, which already supplies batteries to Tesla's Shanghai factory, said its upgraded Shenxing battery offers longer range, quicker charging, and better performance in cold weather, a leap that could bring electric vehicles closer to matching petrol cars on both price and practicality, as per the New York Times . Announced at CATL's Tech Day in Shanghai, the new Shenxing battery boasts a 320-mile range and can deliver 200 miles of charge in just five minutes. By contrast, Tesla's Superchargers require 15 minutes to deliver the same mileage. 'Once again, we are pushing the boundaries of performance beyond limits,' said CATL's chief technology officer Gao Huan, who added that the goal is for the Shenxing battery to become the standard in EVs. The company also introduced a new sodium-ion battery, branded Naxtra, which CATL says is a safer and more affordable alternative to lithium-based batteries. While these innovations are still a couple of years away from being widely available in production vehicles, CATL's announcement follows closely on the heels of a similar tech breakthrough by rival BYD , underlining the fierce innovation race within China's EV industry. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Scarlett Johansson, 40, Shows Off Her Real Size In A New Vacation Photos 33 Bridges Undo CATL, short for Contemporary Amperex Technology Company Ltd., currently produces around a third of the world's EV batteries and works with 16 of the top global carmakers. BYD, its main Chinese competitor, narrowly edged out Tesla in battery-powered EV production in 2024. It sold 1,777,965 units compared to Tesla's 1,773,443, aided by its dominance in plug-in hybrid sales and a rapid expansion of its ultra-fast charging infrastructure across China. Other major Chinese automakers like Great Wall, Geely, and Chery are also aggressively pushing into international markets, banking on innovation and affordability to win over buyers. Geely owns stakes in Volvo, Lotus, and Aston Martin, while Chery has sold more than 15 million vehicles overseas. These moves come as China's domestic market becomes saturated and increasingly competitive. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
Forbes
23-04-2025
- Automotive
- Forbes
Forget Tesla Chargers! China Offers 5 Minute Charge For 320 Mile Range!
BEIJING, CHINA - CATL Qilin battery is on display at Auto China 2024. (Photo by Zhou Chengfeng/VCG ... More via Getty Images) If you thought Tesla's Superchargers were fast, wait till you get a load of the latest chargers from China. Just revealed at Auto Shanghai, the world's leading EV battery maker, Contemporary Amperex Technology (CATL), has unveiled a new battery that it claims has an even greater range than rival BYD's state-of-the-art technology. And a lot more than Tesla. Today, both CATL and BYD claim to have batteries that can charge electric vehicles in as little as five minutes. However, CATL raised the stakes earlier this week in Shanghai when it revealed that the 320-mile range of its new Shenxing battery is around 70 miles longer than BYD's claimed 250-mile range, and it can charge that range in 5 minutes. By contrast, Tesla's Superchargers are only capable of providing 200 miles of range in around 15 minutes. At CATL's Tech Day in Shanghai, Chief Technology Officer Gao Huan reinforced the brand's message by saying, "Once again, we are pushing the boundaries of performance beyond limits.' "Our goal is to make the CATL Shenxing supercharging battery the standard for EVs, bringing users a more convenient and easier travel experience,' he added. It just goes to show how fast EV and battery development is progressing in China as CATL's record-breaking 5-minute charging comes only a month after BYD revealed its own eye-opening battery news. With a 500-mile full battery capacity, the improved Shenxing battery was introduced alongside the Naxtra, a new sodium-ion battery that CATL markets as a safer and more cost-effective substitute for lithium and lead acid batteries. As the leading supplier of EV batteries for the last 8 years, supplying the likes of Tesla, Ford, BMW and Volkswagen, CATL boasts a huge 38% market share according to influential EV site cnevpost. And with 17.2% of the market, BYD came in second. So just how big is CATL? The company claims that its batteries were powering around 17 million vehicles globally by the end of last year, accounting for one out of every three EVs. In an effort to increase its worldwide footprint, the Chinese battery giant, which had previously listed in Shenzhen, applied for a second listing in Hong Kong in February. Even at temperatures as low as 14 degrees (-10 degrees Celsius), CATL said the battery works effectively in extremely cold conditions, providing an 80% charge from 5% in just 15 minutes. A CATL spokesperson told the China Securities Journal, a Chinese state-run publication, that the battery manufacturer would not be significantly impacted by US President Donald Trump's tariffs on China and autos because just a small percentage of its overall shipments come from its American business. But the question remains? When and how will America get access to this ultra-fast charging infrastructure that, well, blows Tesla and BYD out of the water?
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First Post
22-04-2025
- Automotive
- First Post
DeepSeek moment for EVs? China's battery giant unveils cell that can run 520 km on 5-minute charge
China's battery-maker CATL, the largest battery-maker for electric vehicles (EVs) in the world, has said that its latest battery offers a range of 520 kilometres from just five minutes of charge read more Months after DeepSeek unveiled its advanced capabilities, the West is now facing the reckoning in the domain of the electric vehicles (EVs) and batteries. Chinese EV battery-maker CATL on Monday said that its latest battery, Shenxing, offers a range of 520 kilometres from just five minutes of charge. The announcement by CATL came weeks after Chinese EV- and battery-maker BYD said its latest battery offers a range of 470 km from just five minutes of charge. STORY CONTINUES BELOW THIS AD Chinese EV-makers outdo Western companies With such capabilities, BYD and CATL have developed an edge over Western companies, such as Tesla. In recent years, legacy Western automobile companies as well as newer companies like Tesla have faced stiff competition from Chinese companies like BYD and SAIC. Such a competition had already turned into a losing battle, particularly in the domain of EVs. Currently, China's BYD is the world's leading EV-maker and the second-largest maker of EVs' batteries. CATL is the world's largest battery-maker. While CATL claims its latest battery offers a range of 520 kilometres from just five minutes of charge and BYD claims its latest battery offers a range of 470 km from, Tesla currently only offers a range of 321km in charge of 15 minutes and Mercedes-Benz's offers range up to 325 km in 10 minutes of charge at a fast charging station. While announcing the range of the latest battery, CATL Chief Technology Officer Gao Huan said that the company looks forward to 'collaborating with more industry leaders to push the limits of supercharging through true innovation' and wants to make these batteries 'the standard for electric vehicles'. Such long range of batteries would work towards removing range-related fears of people regarding EVs, according to analysts. Such long-range batteries are expected to make the transition of petrolium-based vehicles to EVs easier as long range would allow them to make long journeys without the fear of batteries running dry mid-journey. Geopolitics weighing over trade Ideally, such batteries should be adopted by companies across the world because of the range but the ongoing trade war between the United States and China complicates the situation. At the moment, CATL supplies batteries to several car-makers, such as Tesla, BMW, Volkswagen, and Ford, according to CNN. STORY CONTINUES BELOW THIS AD Currently, CATL has 38 per cent of the world's batteries' markets and BYD has a market share of 17.2 per cent. Since the previous Joe Biden administration, Chinese EVs have been facing US tariffs. As President Donald Trump has slapped 25 per cent tariffs on automobiles on top of 145 per cent tariffs on China, there does not appear to be a way of CATL and BYD's batteries to be used in US-made cars. Without such batteries, US-made cars may be at a significant disadvantage in the world where they would face cars with much better batteries — if claims of CATL and BYD are indeed correct.
The Star
22-04-2025
- Automotive
- The Star
CATL teases five-minute EV charge with longer range than BYD
CATL, the world's biggest producer of batteries for electric vehicles, unveiled the latest versions of its cells, playing up the durability and range of its products as the perceived limits of EVs still stop many consumers from making the switch. — Bloomberg Contemporary Amperex Technology Co Ltd, the world's biggest producer of batteries for electric vehicles, unveiled the latest versions of its cells, playing up the durability and range of its products as the perceived limits of EVs still stop many consumers from making the switch. CATL teased the latest innovations at its Tech Day on Monday in Shanghai – a multi-hour event that took place in a converted warehouse on the outskirts of China's financial capital. Hundreds of media, influencers and industry watchers crowded in to hear from CATL Chief Technology Officer Gao Huan and to catch a glimpse on the big screens of billionaire founder and chairman, Robin Zeng. Zeng only took to the stage near the end of the event, to promise it would become an annual occurrence and remind people that CATL has "never defined itself as a battery manufacturer but a pioneer of the clean energy system'. Even so, one of the main products CATL talked about was an upgraded version of its Shenxing battery, a cell it says can now offer 520 kilometers (323 miles) of range from just five minutes of charging time. BYD Co., which is primarily an automaker but which also makes its own batteries and semiconductors, recently launched a car system it says can charge a vehicle for 400 kilometers in about the same time. "CATL's next-generation Shenxing batteries highlight its deep R&D resources and could prompt robust orders as automakers scramble to stay competitive after BYD's high-profile launch last month. Upgraded technologies at CATL and BYD, which together control 70% of China's EV-battery market, look set to power more mass-market EVs with fast-charging capabilities," said Bloomberg Intelligence China auto industry analyst Joanna Chen. CATL batteries can already be found in a wide range of automakers' EVs. Tesla Inc is one of its top customers and it has a technology licensing agreement with Ford Motor Co. Its hold on the world's market for EV batteries is hard to overstate. CATL commands a share of around 38.2% based on data for the first two months of the year, according to SNE Research. Its nearest competitor BYD is at 16.9%. The next-generation Shenxing battery isn't yet in mass production while the build-out of a new suite of super-fast charging stations takes place. CATL said it's in discussions with automakers about buying the new product. Also a popular topic at Monday's event, held a few days ahead of China's annual premier auto show, were sodium-ion batteries. CATL said its sodium-ion cell, called Naxtra, is ready for commercialization and has been tested under a number of extreme circumstances, including very cold weather and fire. Even after being placed in an ice chamber with a temperature of minus 40 degrees Celsius, Naxtra had zero power degradation, executives said. Naxtra should give a hybrid vehicle around 200 kilometers of range, stretching to 500 kilometers for an EV. Sodium-ion batteries offer several advantages including being more cost effective due to the abundance and lower price of sodium compared to lithium. They also have higher safety and stability, considering sodium is less reactive, reducing the risk of fire hazards. Company executives believe sodium-ion could eventually take up half of the market share that's currently dominated by lithium, iron and phosphate batteries led by the likes of CATL and BYD. CATL also unveiled a range of dual-power batteries that can offer a maximum 1,500-kilometer range on a single charge, a new high bar in a Chinese-led industry that's continuing to pursue innovation in a cut throat matter. CATL said it's able to achieve such a range using a regular super-fast charging battery cell and a separate auxiliary cell side-by-side to give an upgraded performance. Speaking at a press conference later after the main event had wrapped, executives threw parting shots at rivals and spoke about the pricing wars that are chipping away at revenue. The "rat race' in the battery price war isn't healthy but a rat race is needed in terms of "development of the product,' Ouyang Chuying, co-president of CATL's research and development division, said. "We hope the national standard can be very high and get rid of products that are poor quality.' CATL's innovation and success in car batteries has also given it the ability to push into more ambitious areas, such as electric vertical takeoff and landing craft, or eVTOLs. While a battery for an airborne craft wasn't a topic of Tech Day, CATL has said its eVTOL, powered by one of its electric cells, can fly up to 250 kilometers – the equivalent of New York to Philadelphia, or Brussels to Amsterdam – at speeds of 200 kilometers per hour. – Bloomberg
Yahoo
22-04-2025
- Automotive
- Yahoo
A 5-minute charge to go 320 miles. Chinese EV battery giant CATL says its tech is even better than Tesla-killer BYD's
China's Contemporary Amperex Technology (CATL), the world's largest producer of electric vehicle batteries, has unveiled an upgraded battery it says promises an even longer range than rival BYD's cutting-edge technology. Both tech giants now boast they have batteries that can charge EVs in as little as five minutes. But on Monday, CATL upped the ante by announcing that its new Shenxing battery has a range of 320 miles, about 70 miles longer than BYD's stated range of 250 miles. By comparison, Tesla's Superchargers lag way behind by delivering 200 miles of range in a 15-minute charge. 'Once again, we are pushing the boundaries of performance beyond limits,' CATL's Chief Technology Officer Gao Huan said at the company's Tech Day in Shanghai. 'Our goal is to make the CATL Shenxing supercharging battery the standard for electric vehicles, bringing users a more convenient and freer travel experience,' he added. CATL's innovation was announced just a month after BYD shocked the EV industry with its own agenda-setting launch. The dueling tech underscores the intense competition taking place in China's EV sector, which is fueling relentless innovation at low prices. The upgraded Shenxing, which has a full battery capacity of 500 miles, was launched alongside a new sodium-ion battery, Naxtra, which CATL touted as a more affordable and safer alternative to lithium and lead-acid based batteries. CATL – which supplies a wide range of car brands including Tesla, BMW, Volkswagen and Ford – was the world's largest electric battery supplier for the eighth straight year in 2024, with a 38% share of the global market, according to SNE Research, a market research firm. BYD followed CATL with a 17.2% share. In its filing for a planned secondary listing in Hong Kong, CATL stated that by late last year, its batteries were used in one out of every three EVs worldwide, powering about 17 million vehicles. Having listed in Shenzhen, the Chinese battery giant filed for another listing in Hong Kong in February in a bid to grow its global presence. Gao boasted that the new Shenxing battery would power more than 67 electric vehicle models this year, without detailing the models. He said the battery performs well in extremely cold weather, delivering an 80% charge from 5% in just 15 minutes, even at temperatures as low as 14 degrees (-10 degrees Celsius). As for the Naxtra battery, thanks to the relative abundance of sodium, it promises lower production costs. The company also emphasized the model's enhanced safety and stability, saying it can operate in extreme weather conditions and is less prone than traditional lithium batteries to explosion and fire risks after collisions. Gao said Naxtra batteries can deliver a range of up to 310 miles on a single charge, shorter than Shenxing's, and is expected to enter mass production at the end of the year. Tariffs imposed by the US President Donald Trump on China and automobiles would have a minimal impact on the battery maker, as its American business accounts for a small portion of its total shipments, a CATL representative told the China Securities Journal, a Chinese state-run newspaper. The company has developed contingency plans since last year and is actively working with clients to negotiate solutions, the company reportedly told the paper. CNN's Hassan Tayir contributed reporting. Sign in to access your portfolio
