Tesla battery supplier CATL makes Time’s ‘100 Most Influential Companies 2023’

Last year, CATL launched Qilin, the third generation of the company’s cell-to-pack (CTP) technology. The company claims its Qilin battery has record-breaking volume utilization efficiency of 72% and an energy density of up to 255Wh/kg. CATL stated that the Qilin battery can deliver around 620 miles of range.

In April, it unveiled new technology for a semi-solid-state lithium battery it says will store nearly twice as much energy as the best ones on the market today, further expanding EV range and bringing electric passenger planes closer. Most groundbreaking innovations come with caveats that commercial development is years off, but CATL says this one will be in production in six months,” Time Magazine noted.

The Chinese battery supplier is expanding production in China by constructing another cell manufacturing facility outside of Shanghai. In March 2023, CATL reported its 2022 earnings, revealing that the company significantly increased its overall income compared to the prior year. 


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