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CATL, the leading Chinese electric vehicle (EV) battery maker, on Thursday (25 April) unveiled a new lithium iron phosphate (LFP) battery, the Shenxing Plus, which boasts a driving range of over 1,000 kilometers (621 miles) on a single charge
Chinese automaker Geely's premium electric vehicle brand, Zeekr will be using the new charging tech in its upcoming 007 sedan. The rapid-charging capability enables a 500 km (300 miles) driving range within 15 minutes. This impressive system operates at an 800-voltage level.
Lfp Battery: The battery industry has witnessed a rapid demand surge in recent years as the world moves to a greener economy, causing a lithium price surge and buyers seeking alternatives. However, experts at a conference on Thursday believed LFP will remain dominant in the ESS sector due to its established supply chain, higher energy density compared to the sodium-ion alternative and lower cost than the nickel-rich battery.
More companies are developing iron-based cathode lithium batteries in North America including Our Next Energy and Metri Chem that are almost matching nickel batteries
SHANGHAI, Apr 13 (SMM) - The proportion of LFP battery in major battery makers’ product portfolio increased at a slower pace in Q1, and the proportion of high-nickel NMC battery rose.