China’s Catl to develop new battery materials to improve energy density, says Chairman
China’s Contemporary Amperex Technology Co. Limited (Catl )is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries, the company’s chairman said, as the battery giant scrambles to retain its top position amid competition.
The new material technology known as M3P can enable an electric vehicle to run 700 km (430 miles) per charge combined with Catl’s next generation of battery pack technology, Zeng Yuqun said at the World New Energy Vehicle Congress in Beijing.
