• Latest
  • Trending
China’s CATL to produce next-generation EV battery in 2023

China’s CATL to produce next-generation EV battery in 2023

June 23, 2022
Bolt Opens Africa Hub in Nairobi, Kenya

Bolt Opens Africa Hub in Nairobi, Kenya

July 6, 2022
Google Translate adds 10 new African languages

Google Translate adds 10 new African languages

July 6, 2022
Ericsson invites participants to its ‘Together Apart Hackathon’ in Nigeria

Ericsson invites participants to its ‘Together Apart Hackathon’ in Nigeria

July 6, 2022
Ghana GIPC And OT Sign MoU with America’s led black-owned tech business

Ghana GIPC And OT Sign MoU with America’s led black-owned tech business

July 6, 2022
Nigeria, Mozambique approve SpaceX Internet Deployment

Nigeria, Mozambique approve SpaceX Internet Deployment

July 6, 2022
IXAfrica to Build Africa’s Largest Hyperscale-Ready Datacentre in Nairobi

IXAfrica to Build Africa’s Largest Hyperscale-Ready Datacentre in Nairobi

July 6, 2022
Uganda to Launch its First Low Earth Orbit Satellite in September

Uganda to Launch its First Low Earth Orbit Satellite in September

July 6, 2022
Africa Data Centres to Build second 20MW Data Centre in Cape Town

Africa Data Centres to Build second 20MW Data Centre in Cape Town

July 6, 2022
Kingston Announces FURY Beast RGB DDR5 Memory

Kingston Announces FURY Beast RGB DDR5 Memory

July 6, 2022
Akasa Launches the DuoDock MX Dual NVMe Dock

Akasa Launches the DuoDock MX Dual NVMe Dock

July 6, 2022
Areca ARC-1686 Entry-Level NVMe Hardware RAID Adapters

Areca ARC-1686 Entry-Level NVMe Hardware RAID Adapters

July 6, 2022
TeamGroup Xtreem DDR4-4000 CL15 2x 16 GB

TeamGroup Xtreem DDR4-4000 CL15 2x 16 GB

July 6, 2022
  • Consumer Watch
  • Kids Page
  • Directory
  • Events
  • Reviews
Wednesday, 6 July, 2022
  • Login
itechnewsonline.com
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion
Subscription
Advertise
No Result
View All Result
itechnewsonline.com
No Result
View All Result

China’s CATL to produce next-generation EV battery in 2023

by ITECHNEWS
June 23, 2022
in Business, Leading Stories
0 0
0
China’s CATL to produce next-generation EV battery in 2023

Chinese battery giant CATL will start mass production next year of its latest generation product, with greater efficiency that lets electric cars drive longer distances on each charge, the company said on Thursday.

The world’s biggest battery maker is scrambling to retain its top position against competition from rivals such as BYD, which will soon start supplying batteries to Tesla.

YOU MAY ALSO LIKE

Bolt Opens Africa Hub in Nairobi, Kenya

Google Translate adds 10 new African languages

CATL’s new battery, called Qilin, will boost volume utilisation rate to 72%, the world’s highest, versus 50% for its first generation launched in 2019, the firm said, and increase the battery system’s energy density to 255 Wh/kg.

But the firm did not say if any electric vehicle maker had placed orders for the new battery.

CATL, which supplies batteries supplier to automakers such as Tesla, Volkswagen, BMW and Nio suffered a fall of 24% in first-quarter net profit, hit by soaring metal costs.

In May, the company said it expected a better profit margin in the second quarter, after raising prices and passing on costs to automaking clients.

CATL sold the equivalent of 41.5 GWh of batteries in the first four months, more than double the sales of second-placed LG Energy Solution, Seoul-based SNE Research says.

As it ramps up overseas expansion, CATL is in the final stages of vetting sites in the United States to build electric vehicle batteries, Reuters has reported.

The firm, based in the city of Ningde in the southern province of Fujian, has said it would start supplying cylindrical cells to BMW from 2025 for a new series of electric vehicles.

Tesla is also ramping up output of its “4680” batteries that hold about five times the energy of the existing 2170 cells.

Source: Reporting by Zhang Yan, Brenda Goh; Editing by Clarence Fernandez
Via: Reuters
Tags: China's CATL to produce next-generation EV battery in 2023
ShareTweetShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.

Search

No Result
View All Result

Recent News

Bolt Opens Africa Hub in Nairobi, Kenya

Bolt Opens Africa Hub in Nairobi, Kenya

July 6, 2022
Google Translate adds 10 new African languages

Google Translate adds 10 new African languages

July 6, 2022
Ericsson invites participants to its ‘Together Apart Hackathon’ in Nigeria

Ericsson invites participants to its ‘Together Apart Hackathon’ in Nigeria

July 6, 2022

About What We Do

itechnewsonline.com

We bring you the best Premium Tech News.

Recent News With Image

Bolt Opens Africa Hub in Nairobi, Kenya

Bolt Opens Africa Hub in Nairobi, Kenya

July 6, 2022
Google Translate adds 10 new African languages

Google Translate adds 10 new African languages

July 6, 2022

Recent News

  • Bolt Opens Africa Hub in Nairobi, Kenya July 6, 2022
  • Google Translate adds 10 new African languages July 6, 2022
  • Ericsson invites participants to its ‘Together Apart Hackathon’ in Nigeria July 6, 2022
  • Ghana GIPC And OT Sign MoU with America’s led black-owned tech business July 6, 2022
  • Home
  • InfoSec
  • Opinion
  • Africa Tech
  • Data Storage

© 2021 iTechNewsOnline.Com - Powered by BackUpDataSystems

No Result
View All Result
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion

© 2021 iTechNewsOnline.Com - Powered by BackUpDataSystems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version