Recently, CATL, a Chinese battery supplier, announced plans to build its first plant in Beijing to supply Li Auto and Xiaomi’s electric vehicles. This move comes as CATL looks for ways to reduce battery costs during cell production. The Beijing plant will complete the EV supply chain in China’s capital, as Li Auto and Xiaomi begin producing their electric vehicles.
Li Auto, China’s top EV startup, is also considering establishing a production base for car parts in Beijing, according to the city’s economic planning agency. CATL will be the supplier for batteries to both Li Auto and Xiaomi. CATL is currently marketing a 173-Ah VDA-spec LFP cell with 2.2 fast charging. They are focused on reducing battery costs and improving performance with this new LFP cell.
The new LFP battery developed by CATL is a square cell that can reach full charge in just 30 minutes. It is being marketed for affordable electric vehicles with a selling price between RMB 100,000 ($14,033) and RMB 200,000 ($28,067). This award-winning battery has the potential to deliver 400 km (249 miles) of driving range after just 10 minutes of charge and over 700 km (435 miles) on a single full charge.
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