CATL launches fast-charging LFP battery

Chinese battery giant CATL has launched a fast-charging lithium iron phosphate or LFP battery capable of running 400 km (248 miles) on a 10-minute charge. Mass production of the new battery, called Shenxing, is expected by the end of the year, while electric vehicles equipped with Shenxing batteries will hit the market in the first quarter of 2024.