Stock Market News

China EV maker Zeekr unveils fast-charging LFP battery

2023.12.14 08:07


© Reuters. People walk past a booth of Zeekr, Chinese automaker Geely’s premium electric vehicle (EV) brand, at a shopping mall in Beijing, China November 3, 2023. REUTERS/Tingshu Wang/File Photo

SHANGHAI (Reuters) – Zeekr, the premium electric vehicle brand of Chinese automaker Geely, unveiled on Thursday lithium iron phosphate batteries it developed that support fast charging.

Zeekr becomes the latest manufacturer to launch such a battery in a competitive market, as it moves to cut dependence on external suppliers for the key component of electric vehicles, or EVs.

At its battery plant in the province of Zhejiang, the company said its upcoming 007 sedan would be the first model to be equipped with the batteries, which charge sufficiently within 15 minutes to reach a driving range of 500 km (300 miles), together with an 800-voltage electric system.

Zeekr’s Chinese rival Nio (NYSE:), which has also been developing battery technologies of its own, plans to spin off its battery making unit to ease costs, Reuters reported this month.

Zeekr has used nickel-manganese-cobalt (NMC) batteries from the world’s largest battery maker, CATL, to power its 001 crossover and 009 multipurpose vehicles (MPV).

CATL has also launched fast-charging batteries to be used in Li Auto (NASDAQ:)’s first pure electric MPV MEGA, enabling a driving range of 500 km (300 miles) with a charging time of 12 minutes.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,695.44 1.74%
ethereum
Ethereum (ETH) $ 3,495.19 1.10%
tether
Tether (USDT) $ 1.00 0.06%
xrp
XRP (XRP) $ 2.29 0.76%
bnb
BNB (BNB) $ 710.90 2.39%
solana
Solana (SOL) $ 198.73 2.06%
dogecoin
Dogecoin (DOGE) $ 0.333032 0.23%
usd-coin
USDC (USDC) $ 1.00 0.05%
staked-ether
Lido Staked Ether (STETH) $ 3,493.30 1.68%
cardano
Cardano (ADA) $ 0.919307 1.14%
tron
TRON (TRX) $ 0.257378 0.43%
avalanche-2
Avalanche (AVAX) $ 40.74 1.01%
chainlink
Chainlink (LINK) $ 24.76 0.89%
the-open-network
Toncoin (TON) $ 6.06 5.43%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,137.92 1.11%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 0.08%
sui
Sui (SUI) $ 4.51 3.26%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,442.38 1.99%
hedera-hashgraph
Hedera (HBAR) $ 0.311611 4.98%
stellar
Stellar (XLM) $ 0.386488 0.15%
polkadot
Polkadot (DOT) $ 7.52 0.39%
weth
WETH (WETH) $ 3,493.27 1.08%
hyperliquid
Hyperliquid (HYPE) $ 27.98 4.56%
bitcoin-cash
Bitcoin Cash (BCH) $ 466.18 1.45%
leo-token
LEO Token (LEO) $ 9.55 1.24%
uniswap
Uniswap (UNI) $ 14.03 2.62%
litecoin
Litecoin (LTC) $ 109.35 0.34%
bitget-token
Bitget Token (BGB) $ 5.82 18.05%
pepe
Pepe (PEPE) $ 0.000019 0.84%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,686.01 1.32%
near
NEAR Protocol (NEAR) $ 5.53 1.46%
ethena-usde
Ethena USDe (USDE) $ 0.999667 0.12%
aave
Aave (AAVE) $ 373.16 0.71%
internet-computer
Internet Computer (ICP) $ 11.39 2.38%
aptos
Aptos (APT) $ 9.74 0.29%
usds
USDS (USDS) $ 1.00 0.42%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.520526 0.39%
crypto-com-chain
Cronos (CRO) $ 0.159847 2.73%
vechain
VeChain (VET) $ 0.052239 1.44%
mantle
Mantle (MNT) $ 1.25 1.32%
ethereum-classic
Ethereum Classic (ETC) $ 27.62 0.96%
render-token
Render (RENDER) $ 7.61 3.72%
bittensor
Bittensor (TAO) $ 515.40 2.45%
monero
Monero (XMR) $ 196.50 3.14%
mantra-dao
MANTRA (OM) $ 3.81 0.30%
whitebit
WhiteBIT Coin (WBT) $ 24.95 1.63%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.37 2.01%
dai
Dai (DAI) $ 1.00 0.14%
arbitrum
Arbitrum (ARB) $ 0.80804 1.56%
filecoin
Filecoin (FIL) $ 5.38 0.07%