Shenxing superchargeable battery wins award, new choice for 750 million European consumers

Looking around the world, since 2023, battery companies have been competing with each other, and ultra-fast charging, large capacity, and high safety batteries have become popular products in the industry. In the face of changes in market terminal demand, CATL has launched the Shenxing Superchargeable Battery, which is the world's first 4C super-fast charging lithium iron phosphate battery. It has a charging range of 400 kilometers in 10 minutes and a single charge of more than 700 kilometers. Kilometer mileage capability.

 This revolutionary lithium iron phosphate battery has gained recognition around the world.  On December 15, Shenxing Super Charge Battery won the AUTOBEST "TECHNOBEST 2024" award, setting two firsts in history.  The TECHNOBEST award is awarded to a Chinese enterprise for the first time and to battery products/technology for the first time.

 The Shenxing superchargeable battery launched by CATL breaks through the boundaries of the chemical properties of lithium iron phosphate and leads the innovation in the battery industry. The Shenxing superchargeable battery, which is more resistant to low temperatures and has a longer life, is reshaping the global supercharging industry.

The overcharging technology revolution that European consumers are looking forward to

 As the core component of new energy vehicles, power batteries have become a battleground for military strategists. Faced with the rapid development of technology, what kind of battery products are needed by the end market? What is the direction of future innovation and development of battery products? It has become an urgent question that needs to be answered for the development of the industry.

 On December 15, the AUTOBEST organizing committee, which represents the vane of the European automotive market, announced the list of annual global automotive industry awards. For the first time in history, a battery product won the award. After rigorous evaluation by professional judges from 31 countries, Shenxing Supercharged Battery stood out in this selection. The awards selected by AUTOBEST represent the vane of the European automobile market and may influence the choices of 750 million European consumers.

 It is reported that the TECHNOBEST Best Technology Award is one of the AUTOBEST awards. This award is not set every year. It is only awarded to technological innovations that are extremely breakthrough in the automotive industry and can be enjoyed by ordinary consumers. It will only be awarded when the technological innovation is significant enough. , the last time this award was awarded was in 2020.

 The AUTOBEST Organizing Committee highly recognized the disruptive innovation of Shenxing Superchargeable Batteries: "CATL has carried out all-round innovations in materials, material systems, system structures and other aspects around the nature of electrochemistry, and creatively launched ultra-fast charging, high energy density and The Shenxing superchargeable battery with high safety level transcends the chemical performance boundaries of lithium iron phosphate and will lead the future innovation of the battery industry."

Securely occupy the "leading" position in multiple market segments

 When talking about CATL, the words "revolutionary", "phenomenal" and "creative" are the most mentioned in the industry. As Mr. Dan Vardie, founder and chairman of AUTOBEST, said of CATL: "This is the first time in AUTOBEST's history that the prestigious TECHNOBEST award has been awarded to a Chinese company, but CATL fully deserves the award. Under the leadership of founder Robin Zeng Yuqun Next, CATL has many breakthrough technologies and is a phenomenal enterprise in the battery industry."

 Since 2018, CATL has continued to increase its R&D investment. In the first half of 2023, CATL’s R&D investment was 9.85 billion yuan, an increase of 70.77% over the same period last year.

 As the saying goes, for a good product, market data will speak for itself. According to data from the China Automotive Power Battery Industry Innovation Alliance, as of November 2023, CATL's lithium iron phosphate power battery installed capacity was 10.63GWh, ranking first in the domestic lithium iron phosphate power battery market. In terms of the ternary lithium battery market, CATL’s installed vehicle volume of 9.07GWh in November accounted for half of the domestic ternary lithium battery market, with the installed vehicle volume reaching nearly 58% of the market share.

 Sitting firmly on its leading position in the lithium iron phosphate battery and ternary lithium battery markets, CATL has stated more than once that it will insist on self-research of technology, so that high-end technology can fly from "the old king's palace to the homes of ordinary people."

 On August 16, 2023, Shenxing supercharged battery was launched in China. On the premise that Shenxing's supercharged batteries have not yet been mass-produced, in November this year, the installed capacity of CATL's (300750.SZ) lithium iron phosphate batteries once again exceeded its competitors.

 It is foreseeable that with the mass production of Shenxing super-charged batteries, it may bring huge room for imagination to the future performance growth of CATL.

 According to the plan, Shenxing supercharged batteries will be mass-produced by the end of 2023. Currently, it has announced formal cooperation with brands such as Chery, Avita, Nezha Automobile, BAIC Jihu, Lantu Automobile, and GAC. In the first quarter of next year, consumers will You can buy electric vehicles equipped with Shenxing super-chargeable batteries.