Global leader in new energy technology, CATL, has introduced its innovative TECTRANS battery system at IAA Transportation 2024, promising to transform the commercial transportation sector with its advanced capabilities.
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A Chinese battery plant in Hungary, despite facing strong local opposition and environmental concerns, is forging ahead with its construction. Residents fear the plant will pollute the environment, exploit resources, and impact their lives, prompting protests, lawsuits, and even air quality monitoring. The Hungarian government’s support for the project, however, stems from its belief that battery production is crucial for economic growth, despite the potential downsides.
Chinese battery manufacturer CATL has unveiled a new lithium iron phosphate (LFP) battery, the Shenxing Plus, that boasts a driving range of over 1,000 kilometers (621 miles) on a single charge. This is the first LFP battery with such an extended range, according to CATL’s Chief Technology Officer Gao Huan. LFP batteries are considered more environmentally friendly than the lithium-ion batteries commonly used in electric vehicles (EVs). The current-generation Shenxing battery with a 700 km range is used in four car models, and more than 50 models are expected to be equipped with it by the end of the year. CATL, the world’s largest EV battery maker, experienced a profit growth in January-March after facing a decline in the previous quarter due to slowing demand and increased competition. Chinese battery makers, including CATL, have rapidly grown and now account for over two-thirds of global EV battery capacity.