Chinese EV battery maker CATL unveiled the world's first lithium iron phosphate (LFP) battery, the Shenxing Plus, with a driving range of over 1,000 kilometers. Chief Technology Officer Gao Huan said four car models use the current-generation Shenxing battery with a 700 km range, and over 50 more models will be equipped with it by year-end. CATL, the world's largest EV battery maker, saw profit growth in January-March after a decline earlier. Chinese battery makers including CATL accounted for more than two-thirds of global EV battery capacity last year. CATL plans to establish research and development centers in Hong Kong for technology exports
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