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China has set a target for the large-scale deployment of solid-state batteries by 2030, but CATL believes that achieving low-cost electric vehicles using the technology will remain more difficult than beginning production. Obstacles include manufacturing maturity, cost reduction, and improvements in performance and stability.
Hyundai has launched the electric Ioniq V in China in five variants, with a promotional starting price of 99,900 yuan, LFP batteries, and a WLTP range of up to 533 kilometers. The vehicle is currently available for order only in China, while the company has not specified when it will be introduced to global markets.
Volkswagen and China’s Gotion announced three industrial partnerships to develop lithium iron phosphate battery production in Spain, Slovakia, and Morocco, with the aim of supporting low-cost electric vehicles. The agreements include substantial investments and production capacities, but come as Volkswagen restructures its business amid cost pressures and competition.
CATL announced a modular battery platform for commercial vehicles, including a heavy-duty truck version with a range of up to 1,000 kilometers and megawatt charging reaching 80% in 25 minutes. The platform aims to shorten vehicle development cycles and facilitate battery upgrades without major changes to the vehicle structure.
CATL and Octopus Energy have announced the Swaptopus project to develop a European network for swapping batteries in commercial trucks, alongside the unveiling of the TECTRANS II battery, with a range of up to 1,000 kilometers and charging to 80% in 25 minutes. DHL and other partners are participating in a memorandum of understanding aimed at accelerating the electrification of freight transport.