CATL launches ultra-high-energy-density EV bus battery that lasts ~1M miles

CATL has introduced its latest electric vehicle (EV) battery, the Tianxing Bus version, which is designed specifically for the bus industry. This new battery boasts the highest energy density in the sector, with an improvement of 22% over its predecessor, achieving 175 Wh/kg. It is engineered to last up to 1.5 million kilometers (approximately 932,000 miles) and has a lifespan of 15 years, supported by a warranty of ten years or 1 million kilometers (621,400 miles). CATL has already secured interest from 13 companies, with plans for mass production to power 80 electric buses. This launch is part of CATL's strategy to expand into the commercial vehicle market, following its dominance in the passenger EV segment. The company currently holds a significant share of the global EV battery market, accounting for 37.6% as of August 2024. Additionally, CATL is planning to establish more factories globally, including in Germany, Thailand, Hungary, Indonesia, and the US, to further enhance its production capabilities.

- CATL's new Tianxing Bus battery lasts up to 1.5 million kilometers and 15 years.

- The battery features a 22% increase in energy density compared to previous models.

- CATL has 13 companies lined up for the new battery, which will power 80 electric buses.

- The company holds a 37.6% share of the global EV battery market as of August 2024.

- CATL is expanding its manufacturing footprint with new factories planned worldwide.