Recent reports suggest FinDreams – the world’s second-largest automotive battery manufacturer behind Contemporary Amperex Technology Limited (CATL) – will introduce the latest technology as soon as August or later in 2024. The heightened capability suggests the new battery technology is competitive with claims from Toyota. The Japanese car maker says new solid-state battery technology it plans to offer from 2027 will provide as much as 1200km range.
The boss of CATL recently denounced solid-state battery technology as not yet viable and suggested safety concerns. CATL is instead looking to ‘Qilin’ technology to bring similar ranges to EVs as the next breakthrough. CATL is now producing a fast-charging ‘4C’ lithium battery capable of providing 400km of charge in as little as 10 minutes.
FinDreams has recently partnered with CATL and other companies in the development of solid-state batteries. Both are part of a consortium of Chinese battery manufacturers called China All-Solid-State Battery Collaborative Innovation Platform (CASIP), which also includes EV-maker Nio.
Although the BYD battery is showing some significant improvements, CATL’s new MP3 battery, which will go into production this year, may up the stakes. Even if only some of these reports are close to accurate, it shows developments in battery technology are happening at a fast pace, which bodes well for the future uptake of EVs here in Australia and all over the world.
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