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(Bloomberg) — Contemporary Amperex Technology Co. Ltd., the world’s largest electric vehicle battery manufacturer, unveiled a new fast-charging technology ahead of the Beijing auto show in a bid to stay ahead of BYD Co. and other competitors.
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The Ningde-based company, better known as CATL, showcased its latest “Shenxing” lithium-iron-phosphate battery that recharges from 10% power to 98% in just six minutes — a development that brings EV charging closer to the speed of filling up the tank of a gasoline vehicle.
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“We always deliver what we promise,” Gao Huan, the company’s chief technology officer, told reporters Tuesday at an event in Beijing.
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CATL’s newest LFP battery is capable of recharging from 10% power to 35% as quickly as one minute, but it said those time frames assume moderate temperature environments. Still, the breakthrough appears to exceed a nine-minute EV battery charge touted just last month by BYD.
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The battery maker cited additional achievements, including a nickel-cobalt-manganese battery designed to provide 1,000 kilometers (621 miles) of range on a single charge, and an even more ambitious condensed-matter battery that offers a maximum range of 1,500 kilometers for a sedan, setting a new benchmark for premium models.
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The ability to travel greater distances on a single charge may help speed EV adoption by reducing so-called range anxiety, especially where charging infrastructure is limited.
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Chief Scientist Wu Kai said CATL’s “multi-chemical” approach to batteries is designed to provide a tailored solution for every tier of the market, from budget-friendly urban runabouts to ultra-luxury cruisers and heavy-duty trucks. Diversifying its chemistry is expected to help CATL hedge against volatile price swings of raw materials such as lithium, nickel and cobalt.
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“A complex world demands a variety of solutions,” Wu said. “New energy vehicles should be accessible to everyone rather than just a few.”
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—With assistance from Nicholas Takahashi.
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