BASE METALS

Drive 400km from a 10-minute charge: CATL

China's Contemporary Amperex Technology Limited, or CATL, has launched what it said is the world's first lithium-ion-phosphate, or LFP, battery capable of delivering 400km (250 miles) of driving range with a 10-minute charge and 700km from a full-charge.

 CATL expects to achieve mass production of the Shenxing by the end of 2023, with EVs to be equipped with the new battery and available on the market in the first quarter of 2024.

CATL expects to achieve mass production of the Shenxing by the end of 2023, with EVs to be equipped with the new battery and available on the market in the first quarter of 2024.

CATL, which is the world's largest lithium-ion battery producer, expects the battery, named Shenxing, to "considerably alleviate" charging anxiety for electric vehicle users. "Currently, fast charging...

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