By Li Panpan

(JW Insights) August 17 -- China's battery giant CATL unveiled on August 16 a new battery, which can deliver a driving range of 400 kilometers with a 10-minute charge. It claimed to be the world's first 4C super-fast charging lithium iron phosphate, or LFP battery.

The breakthrough battery is dubbed Shenxing and its C category refers to the charging multiplier of the battery, and 4C means that the battery can theoretically be fully charged in 15 minutes, explained a China Daily report on August 17.

The company said that mass production of the battery is set to begin this year, and it is expected to be installed in electric vehicles by the first quarter of 2024.

Wu Kai, the chief scientist of CATL, said that the future of EV battery technology must remain steadfastly anchored at the global technology frontier and the economic benefits.

"As EV consumers shift from pioneering users to ordinary users, we should make advanced technology accessible for all and enable everyone to savor the fruits of innovation," he said.