Lithium is the future In an exciting new breakthrough for the industry, lithium ion battery manufacturing giant Contemporary Amperex Technology Company Limited (CATL) has set a new benchmark for energy density. Following extensive testing, the company recently introduced Qilin, a new era of cell-to-pack (CTP) lithium ion battery technology.
“With a record-breaking volume utilisation efficiency of 72% and an energy density of up to 255 Wh/kg, it achieves the highest integration level worldwide so far, capable of delivering a range of over 1,000 km in a breeze,” reads a statement issued by CATL.
Mass production is expected to begin in 2023. The company says the new technology will address the “range anxiety” that’s preventing many motorists from embracing EVs.
What’s next for lithium ion technology?
There’s no denying the potential of lithium ion batteries. Over the coming decade, analysts predict the market will reach an estimated value of more than USD 135 billion by 2031. Find out more about the technologies that will help drive research and development and fuel growth in ‘Lithium Ion Batteries: Types, Testing & Uses’.