Today on Critical Materials: VW group shows of 44 new cars at Beijing Auto Show, CATL unveils 620-mile LFP battery, and Xiaomi's SU7 is crushing expectations.
China represents the world's largest market for new battery-electric cars, making up 55% of global EV sales. For a long time, American, European and other Asian automakers staked their hopes on China, only for that country's homegrown auto industry to advance by leaps and bounds—and to snatch up the buyers companies like the Volkswagen Group and General Motors used to have. At the Beijing Auto Show this year, they're fighting back. Hard.
Reveals 620-mile LFP Battery Pack Meanwhile, Chinese EV battery giant specifically says that a 10-minute charge is capable of adding more than 370 miles of range, or around 60% of the battery's capacity. Additionally, the pack offers an energy density of 205 watt-hours per kilogram, which approaches the density of NCM batteries found in many modern EV. For comparison, the Tesla Model 3 NCM batteries are around 260 wh/kg.
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