The competition in the electric vehicle (EV) battery market intensifies as Chinese battery manufacturer CATL announces its new Shenxing battery, promising to provide 520 km of range in a mere five minutes of charging. With rivals like BYD also introducing superfast charging solutions, the race to overcome barriers like charging time and range anxiety is more crucial than ever. CATL's innovations, including enhanced performance in cold weather, position it at the forefront of the EV battery technology while acknowledging the rapid advancements made by competitors.
The latest news sees CATL potentially snatch the lead in the global race to build EV batteries that can charge in the same amount of time it takes to fill a car up with gas.
In a cold-weather demo, CATL showed a Shenxing-equipped electric car charging from 5% to 80% in 15 minutes at temperatures of minus 10 degrees Celsius (14 degrees Fahrenheit).
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