Electric Commercial Vehicle | CATL Launches TECTRANS Battery Systems for Electric Commercial Vehicles

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Electric Commercial Vehicle | CATL Launches TECTRANS Battery Systems for Electric Commercial Vehicles

Date：2024-09-20

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Keyword tags： Electric Commercial Vehicle

At the IAA Transportation 2024, which opened on September 16, Contemporary Amperex Technology Co., Limited (CATL) unveiled its overseas battery brand for electric commercial vehicles, CATL TECTRANS. Targeting three sub-segments of heavy-duty trucks, buses, and light-duty commercial vehicles, CALT launched a portfolio of five TECTRANS battery products, including:

The CATL TECTRANS-T Superfast Charging Edition and Long Life Edition are primarily designed for heavy commercial vehicles, with both offering a driving range of 500 kilometers. The Superfast Charging Edition features a 4C peak charging rate, enabling a 70% charge in just 15 minutes, minimizing vehicle downtime and maximizing fleet operational efficiency. The Long Life Edition ensures safe operation for 15 years or 2.8 million kilometers, meeting the demands of high-frequency, high-energy consumption applications such as bulk, waste, and trunk line transportation.

The CATL TECTRANS-Bus Edition is mainly for public transportation, with an energy density of 175Wh/kg, the highest in the bus industry. The ultra-high energy density significantly enhances the flexibility of the vehicle layout and improves space utilization. The product uses an advanced thermal management system to reduce the internal temperature difference of the battery by 50%, ensuring optimal battery performance under various climatic conditions.

The CATL TECTRANS-L Superfast Charging Edition and Long Range Edition are products launched by CATL for light commercial vehicles, meeting the needs of urban delivery and the "last mile" logistics.

According to Akin Li, Executive President of CATL's Overseas Business, these batteries can adapt to extreme climatic conditions and provide reliable performance that has been tested in practical applications, suitable for high-temperature environments above 45°C in Qatar and Dubai, as well as low-temperature scenarios of -35°C in countries like Norway and Sweden.

The electric heavy truck market still has significant growth potential. Public data shows that in 2023, the sales volume of heavy trucks in the 27 EU countries was 347,000 units, with only 5,361 units being electric heavy trucks, a market penetration rate of just 1.5%. In the first half of this year, the sales volume of electric heavy trucks in the 27 EU countries was 3,499 units, with the market penetration rate further increasing to 1.9%. Europe plans to reduce CO2 emissions from heavy-duty vehicles by 45% compared to 2019 by 2030. Additionally, according to the latest plan of Daimler Trucks, the company plans to sell 30,000 electric trucks by 2030, accounting for half of the company's annual sales volume in the European market.

Even in China, where electric heavy trucks have a higher sales volume, the market penetration rate of electric heavy trucks in 2023 was only 3.8%. According to research institutions, in the first half of this year, the sales volume of electric heavy trucks in China reached 28,000 units, with the electrification penetration rate only rising to 5.6%. Compared to the current monthly market penetration rate of 53.9% for passenger cars, the electrification rate of the commercial vehicle market is still low.

In China's electric heavy truck market, CATL's battery supporting market share is as high as 72.4%, far exceeding the second-ranked EVE Energy (16.4%). The latter also released a new power battery product for the new energy logistics vehicle field in May this year, covering different commercial vehicle models such as heavy and light trucks.

Additionally, public data shows that in 2023, the global medium and heavy truck market generated sales of about $300 billion, with the top four occupying 46% of the market share, all of which are European and American manufacturers, showing a highly concentrated market. It is predicted that over the next 10 years, the global share of medium and heavy truck electrification is expected to reach 30%. Based on China's leading global technology and cost advantages in the electric supply chain, it is anticipated that China's leading electric medium and heavy truck companies are expected to restructure the current market electric commercial vehicle market.

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