Another push for safe cobalt-free batteries.
This might be an opportunity for CATL to start pushing its cobalt-free LFP (LiFePO4) battery cells.
Currently the most energy dense battery packs made with cobalt-free LFP (LiFePO4) cells in China are being used by electric buses.
Tesla Model 3 made in China has an extremely safe, durable, simple and cheap cobalt-free LFP battery from CATL and an impressive profit margin of 35 %.
The first generation NCM 811 battery cells from CATL and SK Innovation are now on top of the list of the most energy dense cells used in China.
This destroys automakers' narrative against electric cars.
LG Chem is now on top, partly thanks to Tesla's strong sales in China.
CTP technology is the next step for making simpler, safer, cheaper and more energy-dense batteries.
CATL unveils more about its NCM 811 battery cells.
Chinese battery cell makers will try to introduce the NCM 811 technology first to gain competitive advantage.