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

People walk past the research and development center of Contemporary Amperex Technology Ltd (CATL) in Ningde city, Fujian province, China, on December 16, 2016. Photo taken on December 16, 2016. REUTERS/Jake Spring/File Photo

SHANGHAI, Aug 27 (Reuters) – CATL (300750.SZ)’s new proprietary M3P battery can increase energy density by 10 to 20 percent compared with iron phosphate batteries, company chairman Zeng Yuqun said on Saturday

Zeng told an industry event in Beijing that CATL’s Kirin batteries use M3P material, a technology the company has developed that can enable electric vehicles to travel 700 kilometers (430 miles) per charge.

Reporting by Josh Horwitz and Zoey Zhang; Editing by William Mallard

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