In recent developments, China’s Contemporary Amperex Technology Co., Limited (CATL), recognized as the largest manufacturer of electric vehicle (EV) batteries globally, has unveiled an innovation that elevates the competition in the EV market. At their Tech Day event held in Shanghai, CATL introduced the Shenxing battery, highlighting its impressive range advantage over rival BYD’s technologies. The Shenxing battery claims a remarkable range of 320 miles on a single charge, significantly surpassing BYD’s stated range of 250 miles. To contrast, Tesla’s Superchargers are notably less efficient, providing only 200 miles of range after a 15-minute charging session.
Gao Huan, CATL’s Chief Technology Officer, articulated the company’s ambitions at the event, asserting that they are continually “pushing the boundaries of performance beyond limits.” He indicated that the introduction of the Shenxing supercharging battery aims to redefine the EV landscape, striving to establish it as the benchmark for electric vehicles while enhancing the convenience and freedom of travel for users.
The announcement by CATL comes shortly after BYD’s disruptive launch of its innovative battery technology, underscoring the fierce rivalry within the Chinese EV sector. The competition between these technology giants not only drives their respective innovations but also keeps battery prices competitive, benefitting consumers. Alongside the Shenxing battery, CATL has also presented a new sodium-ion battery referred to as Naxtra, which is promoted as a safer and more economical alternative to existing lithium-ion and lead-acid batteries.
As a significant player in the global battery market, CATL supplies a plethora of automotive brands, including Tesla, BMW, Volkswagen, and Ford. Data from SNE Research indicates that CATL secured its position as the world’s foremost electric battery supplier for the eighth consecutive year in 2024, holding a 38% share of the global market, well ahead of BYD, which trails with a 17.2% share.
In light of its ongoing success, CATL is pursuing further growth through a secondary listing in Hong Kong, having already been listed in Shenzhen. As reported, by late last year, CATL batteries were implemented in roughly one out of every three electric vehicles worldwide, powering an estimated 17 million vehicles. This strategic move reflects the company’s commitment to expanding its global market presence.
Gao highlighted the versatility of the new Shenxing battery, claiming it will be utilized in more than 67 EV models in the current year. He also emphasized the battery’s impressive performance in extreme weather conditions, with the ability to charge from 5% to 80% in just 15 minutes, even at frigid temperatures of 14 degrees Fahrenheit (-10 degrees Celsius).
Turning attention to the sodium-ion Naxtra battery, CATL claims it boasts advantages thanks to the abundance of sodium, which contributes to lower manufacturing costs. The safety and stability of the Naxtra model are also underscored, with assurances that it performs well in extreme environments and has a reduced likelihood of fire and explosion post-collision, in contrast to traditional lithium batteries. The Naxtra battery promises a range of up to 310 miles on a single charge and is anticipated to begin mass production by the end of the year.
Despite concerns regarding the U.S. tariffs imposed by former President Donald Trump on Chinese imports, including automobiles, a representative from CATL asserted that such tariffs would only minimally affect their operations, as the company’s American business constitutes a minor fraction of total shipments. The battery manufacturer indicated that a strategic response was formulated last year, and they remain proactive in cooperating with clients to find suitable adaptations in light of the tariffs.
Through these advancements and strategic maneuvers, CATL illustrates its dedication to leading the electric vehicle battery market while responding dynamically to both internal and external challenges, enhancing its competitive edge amid an evolving industry landscape.