A logo of CATL seen in Guangzhou, Guangdong province

China's Contemporary Amperex Technology Co (CATL) unveils the new passenger vehicle battery, "Shenxing Plus," at the 2024 Beijing International Automotive Exhibition, ThePaper reported on Thursday.

The "Shenxing Plus" battery, based on lithium iron phosphate materials, boasts endurance mileage exceeding 1,000 kilometers, and it can deliver a driving range of 600 kilometers with a 10-minute charge.

The pace of innovation determines who leads the industry, and forward-thinking is essential for corporate innovation, said Wu Kai, chief scientist at CATL.

Over 50 new models are expected to be released within this year, said Gao Huan, chief technology officer of CATL's e-car division.