CATL has introduced a new lithium iron phosphate (LFP) battery it has dubbed Shenxing.

Reuters said the new battery would give EVs range of 400km (250 miles) after a 10 minute charge.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Production would begin by late 2023, with EVs so equipped expected to be on sale early in 2024.

“We hope through continuous efforts to improve technology and reduce costs, Shenxing will become a standard product available for every electric vehicle,” said CATL EV business chief technology officer Gao Han.

Reuters noted CATL had been losing market share to BYD which produces its own Blade batteries for its EVs.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact