Overview

• CATL's new Shenxing battery delivers a 320-mile range with a five-minute charge and a full capacity of 500 miles, surpassing Tesla and BYD's performance claims.
• The Shenxing battery demonstrates robust performance in cold weather, achieving an 80% charge in just 15 minutes at 14°F (-10°C).
• The company plans to launch its Korean subsidiary in Q2 2025, aiming to deepen collaborations with Hyundai and Kia and explore opportunities in commercial vehicles.
• CATL holds a commanding 38% share of the global EV battery market, with its products powering approximately 17 million vehicles worldwide by the end of 2024.
• The introduction of NP 2.0 safety technology enhances battery safety by preventing thermal propagation, addressing consumer concerns about EV battery reliability.