China CATL "Supplying Electric Vehicle Batteries to Kia"

Major Foreign Media Coverage... CATL Also Announces Next-Generation Battery on This Day

[Asia Economy Reporter Jeong Hyunjin] It has been reported that the world's largest battery manufacturer, China's CATL, is supplying electric vehicle batteries to Kia for the first time. On the 23rd, CATL announced that it has developed a next-generation electric vehicle battery capable of traveling 1000 km on a single charge and will begin mass production starting next year.

Major foreign media confirmed the battery supply from CATL and Kia on the same day. These foreign media outlets reported that this is the first time Kia has used foreign-made batteries in electric vehicles for the domestic Korean market. Until now, Hyundai Motor and Kia have sourced batteries for domestic electric vehicles from LG Energy Solution and SK On.

This report came after some media outlets previously reported that CATL batteries were installed in Kia's new Niro electric vehicle. In a statement sent to foreign media, Kia confirmed the use of CATL batteries and stated, "We are cooperating with various battery suppliers to diversify and stabilize our battery supply chain."

CATL is the world's largest battery manufacturer supplying batteries to Tesla, Volkswagen, and other leading electric vehicle companies. According to energy-specialized market research firm SNE Research, CATL holds over 35% of the global electric vehicle battery market share. The combined market share of domestic battery companies LG Energy Solution, Samsung SDI, and SK On exceeds 25%.

Meanwhile, CATL announced the next-generation electric vehicle battery, the 'CTP 3.0 Kirin Battery,' through a press release on the same day. CATL stated that the new battery's volumetric efficiency is 72%, significantly improving space utilization and raising energy density to 255 Wh/kg, enabling a driving range of 1000 km on a single charge.

CATL added that its next-generation battery can supply 13% more power than the 4680 series next-generation electric vehicle battery being developed in collaboration with Tesla, and supports high-speed charging within 5 to 10 minutes. CATL expects the CTP 3.0 Kirin Battery to enter mass production and be released to the market in 2023.

This content was produced with the assistance of AI translation services.