New CATL m3p batteries can improve energy density by 10%-20% – chairman

People walk past the R&D centre of Contemporary Amperex Technology Ltd (CATL) in Ningde, Fujian province, China, December 16, 2016. Picture taken December 16, 2016. REUTERS/Jake Spring/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterSHANGHAI, Aug 27 (Reuters) – New proprietary M3P batteries from CATL (300750.SZ) can improve energy density by 10% to 20% compared to iron phosphate batteries, company chairman Zeng Yuqun said on SaturdayZeng said at an industry event in Beijing that CATL’s Qilin battery using M3P materials, a type of technology developed by the company, can enable an electric vehicle to run 700 km (430 miles) per charge.Register now for FREE unlimited access to Reuters.comRegisterReporting by Josh Horwitz and Zoey Zhang; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

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