- Tesla, Inc (NASDAQ:TSLA) supplier Contemporary Amperex Technology Co Ltd launched an electric-car battery with a range of over 1,000 kilometers (620 miles) on a single charge.
- CATL claimed that the battery was 13% more potent than Tesla's 4680 battery to be made by Panasonic Holdings Corp (OTC:PCRFY), the Bloomberg reports.
- The Qilin battery has an energy density of 255 watt-hours per kilogram.
- Also Read: Panasonic Disclosed Finalizing US Site For Tesla's New Battery Plant
- The battery charges faster than existing cells and is safer and more durable, CATL claimed.
- The leading electric-car battery maker will start commercializing the next-generation "Qilin" in 2023.
- CATL raised 45 billion yuan ($6.7 billion) in a private placement to produce and upgrade lithium-ion battery manufacturing in four Chinese cities and research and development.
- Price Action: TSLA shares traded lower by 0.98% at $701.33 on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Tesla Supplier Challenges EV Maker's Powerful Battery With Latest Launch
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks