China Dominance Fears Over Electric Car Battery That Charges In 10 Minutes

News Snapshot:

A revolutionary car battery that charges in 10 minutes and powers a car for hundreds of miles has been developed in China, raising concerns about Beijing's growing dominance in the global electric vehicles (EV) market. A new report from the International Energy Agency (IEA) highlights significant advancements in chemistry that have enabled a Chinese company to create the new type of high-energy batteries that surpass existing technologies. The Shenxing battery, developed by Chinese company CATL, uses lithium iron phosphate (LFP) technology and can provide a range of 250 miles after just 10 minutes of charging. An even newer version of...