Breaking News
Investing Pro 0
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER

China's CATL aims to make EVs drive further with new tech

Technology Aug 12, 2020 03:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Sign of Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is seen on its building in Ningde
 
MBGn
+0.83%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
TSLA
+10.99%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VOWG_p
+0.86%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
7267
+1.12%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
300750
+1.17%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

WUHAN, China/SHANGHAI (Reuters) - China's CATL (SZ:300750), a Tesla (O:TSLA) supplier, said on Wednesday it is working on a new technology that will allow battery cells to be integrated with an electric car's chassis, shedding traditional casings that make battery systems bulky.

Integrating cells directly into an electric vehicle's (EV) frame will allow more cells to be loaded into a car and extend its range - a key concern for customers.

With the new technology, EVs could have a driving range of over 800 kms (500 miles), CATL Chairman Zeng Yuqun said at an industry conference in Wuhan on Wednesday. The Ningde-based company aims to launch the technology before 2030.

Zeng did not say whether CATL was already working with any automaker to implement this new design.

China's Contemporary Amperex Technology Co Ltd (CATL) supplies lithium iron phosphate (LFP) batteries to Tesla Inc and recently signed a partnership with Japan's Honda Motor (T:7267). It also supplies Volkswagen AG (DE:VOWG_p) and Daimler AG (DE:DAIGn).

A technology such as this will allow EV battery makers to participate in vehicle design from an earlier stage. Automakers currently tend to source battery modules from battery makers and equip them to fit a car's mechanical design.

Zeng, who expects Europe's EV market to surpass China's this year because China cut subsidies, said CATL is exploring new businesses including the recycling of batteries and energy storage.

On Tuesday, CATL said in a filing that it plans to invest around 19 billion yuan ($2.73 billion) to secure key resources and accelerate global expansion. It did not disclose details of the investments.

 

China's CATL aims to make EVs drive further with new tech
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Chung James
Chung James Aug 13, 2020 10:25AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
B4 2030 lol
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email