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Tesla-Supplier CATL Reveals More Powerful Battery Cell – Yicai

CATL’s new Qilin cell will deliver high mileage at a low price, according to the scientist behind its development


Shares plunged by 4.9% in Shenzhen on Tuesday following reports the world's biggest battery maker could spend up to $5 billion on facilities in Mexico and the US.
CATL reported profits of $1.3 billion in the three to end-September. File photo: Reuters.

 

Chinese battery giant Contemporary Amperex Technology (CATL) is set to launch a new battery cell with a capacity 13% higher than that of battery cells in US electric vehicle maker Tesla’s cars, Yicai Global reports.

CATL’s new Qilin cell will deliver high mileage at a low price, Wu Kai, the scientist in chief at the Ningde-based company, said at the China Electric Vehicle 100 Forum on Saturday. Tesla’s 4680 battery cell – developed by Japan’s Panasonic in September 2020, which is the same size as the Qilin one – was six times more powerful than the 2170 cells used at the time, and increased Tesla’s EVs’ range by 16%.

Read the full story: Yicai Global.

 

 

Read more:

CATL Shares Rise as it Denies US Sanctions, Tesla Break-up

China’s CATL Looks to Raise $9bn to Expand Lithium Battery Production

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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