New CATL m3p batteries can improve energy density by 10%-20% – chairman
People walk past the R&D centre of Contemporary Amperex Technology Ltd (CATL) in Ningde, Fujian province, China, December 16, 2016. Picture taken December 16, 2016. REUTERS/Jake Spring/File Photo
SHANGHAI, Aug 27 (Reuters) – New proprietary M3P batteries from CATL (300750.SZ) can improve energy density by 10% to 20% compared to iron phosphate batteries, company chairman Zeng Yuqun said on Saturday
Zeng said at an industry event in Beijing that CATL's Qilin battery using M3P materials, a type of technology developed by the company, can enable an electric vehicle to run 700 km (430 miles) per charge.
Reporting by Josh Horwitz and Zoey Zhang; Editing by William Mallard
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