Official data shows that the energy density of Ningde era M3P batteries is about 15% higher than that of lithium iron phosphate batteries, reaching 210Wh/kg. The cost is comparable to that of lithium iron phosphate batteries and lower than that of ternary lithium batteries. Previously, Wu Kai, chief scientist of CATL, said at the World Power Battery Conference that CATL will divide new energy vehicles into three market segments: 1000km battery life, 700km battery life and 300-500km battery life. In the 700km mainstream new energy vehicle market, CATL’s solution is the M3P battery + Kirin battery structure. The two techniques can be used in combination.
At present, the Model 3 produced by Tesla’s Shanghai Gigafactory is equipped with lithium iron phosphate batteries provided by CATL, and the CLTC comprehensive operating range of the version on sale is 556km to 675km. 700km. The source also revealed that Tesla still has no plans to use BYD-supplied batteries in vehicles produced at the Shanghai Gigafactory.
Due to the low-cost characteristics of the Ningde era M3P battery, there is room for price reduction after the entire system is replaced with the battery pack, whether it is Model 3 or Model Y. For the above news, Tesla China did not comment.