Mere weeks after first revealing details of its new fast-charging ShenXing LFP battery technology CATL has shared some insight to where and when production will begin. Soon, CATL intends to move ShenXing battery production to two separate territories in Europe, but is being less candid about what local automakers might soon be adapting the long range batteries into their EVs.
CATL remains the undisputed leader in EV battery development, not only in China, where it is headquartered, but around the entire globe (more on that in a bit). It continues to show zero signs of slowing down either as it looks to maintain its crown in 2024 as the largest battery market share holder on the planet – a title it has already held for six straight years.
Its not just quantity, either.
Sure, that helps for title mentioned above, but CATL is also developing and even producing some of the more advanced battery tech out there. It’s energy dense Qilin batteries have begun rolling out within ZEEKR EVs out of China, and we’ve even seen the company look to the skies by developing cells to support all-electric aviation.
Add battery production and recycling facilities popping up around Europe and its easy to see why CATL remains the top dog. In August, the company introduced its latest development – a lithium-iron-phosphate (LFP) cell called ShenXing – capable of recouping 400km (249 miles) of range during a single, 10-minute fast charge.
During the IAA Mobility auto show in Munich this week, an executive from CATL shared an update on the progress of this new battery, which will be produced in Europe soon.