Catl Battery

More importantly, however, was that CATL reportedly is promising solid-state batteries with battery density of 200Wh/kg, even 230Wh/kg in the near-term, and as much as 350Wh/kg and 400Wh/kg in the long term.

China’s CATL will spend up to 29 billion yuan ($4.49 billion) to build or upgrade domestic factories to meet growing demand. This is in addition to Contemporary Amperex Technology 2020 plans to boost capacity at a cost of up to 65 billion yuan. CATL’s battery capacity was projected to triple to 336 gigawatt-hours in 2023 from 109-gigawatt hours in 2020, according to a January report by Chinese brokerage Shengang Securities. The latest investment plans will further increase production by about 58 gigawatt-hours.

Catl chinese battery company
  • EV-battery giant CATL to boost capacity with $4.5bn investment China's global champion in the field doubles down on growth CATL is the world's top maker of batteries for electric vehicles.
  • SHANGHAI (Reuters) - China’s Contemporary Amperex Technology Co Ltd (CATL), a Tesla supplier, is developing a new type of electric vehicle (EV) battery that contains no nickel or cobalt, a company.
  • Tesla Inc TSLA plans to roll out the new million-mile battery in collaboration with Contemporary Amperex Technology Ltd (CATL) at the earliest this year or in 2021 for its Model 3 in China.
  • CATL-BAIC joint venture: Collaboration began in between both in 2012, before proceeding to a total supply setup in 2016; Co-developed a ‘cell to tons’ battery cram in 2019 that gets rid of battery parts as well as additionally straight incorporates EV battery cells directly right into the pack to lower weight as well as additionally.

CATL will open a 25 gigawatt-hour factory in Zhaoqing, Guangdong Province, using 12 billion yuan in investment. Another plant in Yibin, Sichuan Province will get a similar upgrade.

CATL signed an agreement with the Jiang’an county government in Sichuan province in China to build a new lithium iron phosphate (LFP) cathode materials plant. The investment is $280 million and the plant should be completed within three years

The 121 GWh increase would be able to provide batteries for 1.5 to 2 million cars for 60 kWh to 80 kWh pack cars.

In 2025, 77 GWh Volkswagen is contracting for 77 GWh (6.5 percent of CATLs planned 1200 GWh in 2025). In 2020, VW’s share received 2.2 percent of 110 GWh (2.42 GWh).

CATL wants to increase its production capacity between 2020 and 2025 as follows:

SOURCES- Electrive, Nikkei Asia, Inside EVS
Written By Brian Wang, Nextbigfuture,com

Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.

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