The world’s largest battery manufacturer CATL wants to meet the diverse needs of domestic customers.

Main content Hide / ShowCATL launches new electric car battery with 1,000 km rangeChinese electric car market grows, CATL focuses on expanding product line

According to Nikkei Asia, the world’s largest electric vehicle battery supplier Contemporary Amperex Technology Co.

Currently CATL is also providing battery options for electric car models from VinFast, including VF 8 and VF 9. However, currently the batteries used are still NMC batteries, not LFP batteries, so it is difficult to have them.

Tapping into domestic demand will be key to overcoming investor skepticism.

Launched at the Beijing auto show on April 25, Shenxing Plus is an upgraded version of the Shenxing lithium iron phosphate (LFP) battery released by CATL in August. According to experts, the LFP battery has a cost

VinFast's battery supplier expects a breakthrough with a new product with a range of 1,000 km

CATL Shenxing Plus battery launch ceremony

Shenxing Plus has an operating range of more than 1,000 km, about 300 km longer than Shenxing.

“The operating range of more than 1,000 km is possible thanks to continuous technological advances,” said Gao Huan, CATL’s chief technology officer in China.

According to CATL, the growing market for electric vehicles and new energy vehicles has highlighted the diverse needs in the market.

Shenxing Plus is one of six battery types currently offered by CATL.

VinFast's battery supplier expects a breakthrough with a new product with a range of 1,000 km

Meanwhile, the Shenxing Longevity battery line is designed to last up to 800,000 km, about 200,000 km more than the standard.

Conditions in the auto battery industry are changing rapidly. As automakers find electric vehicles less profitable than expected and subsidies dwindle in some countries, many automakers from

Mercedes-Benz Group now aims to have electric vehicles and plug-in hybrids make up half of its sales by the second half of this decade, pushing back the originally planned timeframe from 2025. General Motors has postponed

VinFast's battery supplier expects a breakthrough with a new product with a range of 1,000 km

In fact, battery prices have fallen due to falling lithium carbonate prices. Although CATL reported a 7% year-on-year increase in net profit, reaching 10.5 billion yuan ($1.45 billion) in the period

The unclear outlook for the global electric vehicle market makes the domestic market even more important.

Nikkei Asia said China’s electric car market is currently continuing to grow thanks to policy support as well as the launch of new vehicles.