The 3 key takeaways
- Chinese battery giant CATL plans to mass-produce and deliver M3P batteries, which have greater energy density, better performance, and lower cost than nickel and cobalt-based batteries, according to chairman Zeng Yuqun.
- M3P technology, when combined with CATL’s next-gen battery-pack technology, can enable electric vehicles to run 700 km (430 miles) per charge.
- Despite challenges from alternative suppliers and automakers developing their own batteries, Zeng expects CATL to remain the primary battery supplier, with the competition affecting second-tier and third-tier battery makers more significantly.
Source: https://www.autonews.com/china/catl-readies-output-m3p-batteries