The leading manufacturer of batteries for electric vehicles CATL has released a new revolutionary battery with a resource of 1.5 million kilometers and a 15-year warranty. It is known that the battery pack will be used to power commercial vehicles.
Yutong, one of China's largest bus manufacturers, said the new battery packs will be used in its electric buses. According to the company, the new long-life electric vehicle battery has no degradation during the first 1,000 charging cycles.
CATL and Yutong first signed a partnership agreement in 2012 to jointly develop batteries for commercial vehicles, exploring new technologies and materials. The partners plan to continue to use their resources to go abroad with new vehicles and batteries.
Yutong buses equipped with CATL batteries are already sold in more than 40 countries, including Italy, France, Britain, Spain and Qatar.
China already dominates the EV battery market, with BYD and CATL alone accounting for over 50% of global traction battery production. According to SNE Research, CATL's sales in the US and Europe doubled last year. BYD and CATL batteries are already used in electric vehicles from Tesla, Ford, BMW, Toyota, Mercedes-Benz, Kia, Toyota and several other leading automakers.