CATL to put M3P batteries onto market next year
Shanghai (Gasgoo)- CATL has already put the M3P batteries into volume production and plans to put them into the market next year, according to the speech, Wu Kai, chief scientist of CATL, delivered on July 22 at the 2022 World EV & ES Battery Conference.
The M3P battery is developed based on CATL's new type of materials system. It features a higher energy density than that of the LFP battery, but lower cost compared to the ternary-lithium battery.
CATL previously revealed in an investigation report that the M3P was not exactly the lithium manganese iron phosphate ("LMFP") battery, but it also contains other metallic elements. The company would like to call it a ternary lithium battery of the phosphate chemistry system.
Zeng Qinghong, chairman of CATL; photo credit: CATL
Zeng Qinghong, chairman of CATL, said on July 21 at the aforesaid industrial conference that the company was advancing the industrialization of the sodium-ion batteries, the M3P batteries, and the CTC (cell-to-chassis) technology.
For the first half of 2022, CATL still ranked highest among battery makers in China with a power battery installed capacity of 52.5 GWh, accounting for 47.67% of China's total volume, according to the data by the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).
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