Friday, March 24, 2023

China Battery Giant CATL To Mass-Produce New Battery Chemistry This Year

From Reuters via US News & World Report, March 24:

China's CATL to Start Mass Output of M3P Batteries This Year

Chinese battery giant CATL plans to start this year the mass production and delivery of batteries based on a new materials technology, M3P, which will perform better and cost less than nickel and cobalt-based ones, its chairman said.

M3P batteries will have greater energy density and perform better than lithium-ion phosphate batteries, a market CATL dominates. They will also be cheaper than nickel and cobalt-based batteries, Zeng Yuqun told an online investor briefing on Friday....

....MUCH MORE

Earlier:
"Electric vehicle battery makers test a future without lithium"

Reuters says CATL has over a third of the battery market whereas our usually reliable source, used for the lithium story says over a quarter. I shall make inquiries and correct one or the other of the posts.