CATL battery boosts Tesla range by 400km in just 10 minutes

CATL, a major supplier to Tesla, has unveiled a new battery called Shenxing that can add up to 400km of range in just 10 minutes of fast charging. The battery, which uses lithium iron phosphate (LFP) chemistry, is expected to enter mass production by the end of 2023. CATL is known for its cheap prices and chemical stability, but faces competition from other manufacturers like BYD.