A special battery has been designed by Contemporary Amperex Technology Limited (CATL), a manufacturer of Lithium-Ion batteries in China. This battery was created specifically for electric vehicles (EV). This battery can provide a total range of more than 1,000 kilometres on a single charge if you install it in your automobile. According to the company, the introduction of this battery will significantly reduce pollution and stimulate the use of electric vehicles.
For unversed, the Chinese manufacturer CATL, which is renowned throughout the world as the biggest EV batteries maker. Due to its dominance in the EV market in the world, where sales surpassed 2.9 million units last year, CATL is the top EV battery maker with an estimated 32 percent global market share.
Production in 4 cities
Let us inform you that the company will begin producing this battery in four Chinese locations. The business is about to begin manufacturing lithium-ion batteries in these cities. Due to the growing costs of gasoline and diesel, which have caused the company to incur losses, CATL decided to produce this battery this year.
What is the battery’s name mean?
This is a cell-to-pack third-generation battery. This battery is named Qilin by the company. This battery has a 72 percent utilisation capacity and produces 255 Wh of energy per kilogram. By 2023, the business hopes to have this battery on the market after mass production.
Supports fast charging with safety
According to the manufacturer, the Qilin battery charges more quickly than conventional batteries. Additionally, it is very fast and safest. It is incredibly advantageous for the business to talk about this battery since once the conversation about the battery gained traction, CATL’s share price in Shenzhen, China, increased by 5.9%, making it reach its highest level since February 9.
Will support regional start-ups:
Li Auto and Hozon New Energy Automobile, two local EV startups, will be the first users of Contemporary Amperex Technology Ltd.’s (CATL) new Qilin 1,000km (620 miles) battery, according to CATL.