CATL showed off the lithium iron phosphate (LFP) Shenxing Plus battery on the first media day of the Beijing auto show
Some 117 new models were unveiled – out of 278 new energy vehicles on display. It comes as EVs now account for half of all car sales in China.
The Chinese tech firm has also launched seven EV models in partnership with domestic automakers as it bids to become a major player in the sector
Shares jump 12% on news Tesla will make 'more affordable' EVs on its manufacturing lines, despite its first-quarter profit plunging by 55% amid protracted price-war and pressure from hybrids
Chinese electric vehicle-makers have rushed to take on Tesla, despite increasing competition, slowing demand and looming oversupply
China announces "anti-dumping penalties" on imports of a US chemical and orders Apple to cut WhatsApp and other messaging apps. Analysts say trade tensions look set to get much hotter
US lawmakers are worried Chinese automakers will use Mexico as a back door to sell cheap EVs north of the border without paying tariffs
Strict Covid-curbs have put 26 million lives on hold in Shanghai - China's most important economic hub. The resulting supply chain disruptions and revenue losses will spell fresh economic trouble for China, and the world.
The reason isn't just rising temperatures or battery quality but a lack of thermal-based safety precautions. The EV batteries are getting heated beyond 100 degrees, experts claim.
Tesla employees have returned to work at the giant’s Covid-hit Shanghai plant, and they aim to restart production with 1,000 cars a day after a stoppage of more than three weeks.
Hozon New Energy Automobile, an eight-year-old Zhejiang-based electric vehicle maker, startled industry watchers with growing sales of its affordable, spacious SUVs.