Connect with us

Published

on

A new EV battery that can add 370 miles (600 km) range in 10 minutes? China’s CATL introduced its new Shenxing Plus EV battery, capable of just that. CATL claims the new EV battery is the world’s first with 4C ultra-fast charging and +620 miles (1,000 km) CLTC range.

CATL reveals world’s first 4C ultra-fast charging battery

CATL continues advancing EV battery tech as it aims to develop longer-range, faster charging units.

The EV battery giant dominates the industry after leading again in 2023 for the seventh straight year. CATL’s EV battery consumption reached 259.7 GWh last year. Meanwhile, total battery consumption rose to 705.5 GWh globally.

CATL’s share of the market reached as high as 36.8% in 2023, nearly 21% ahead of its closest rival, BYD.

Last summer, CATL revealed its Shenxing SuperFast Charging Battery, capable of adding 248 miles (400 km) in 10 minutes.

Its latest battery, Shenxing Plus, uses cheaper, more advanced lithium iron phosphate for even faster charging.

CATL said the new EV battery is the world’s first with 4C ultra-fast charging and +620 miles (1,000 km) CLTC long-range capabilities. The new battery can gain a one-km range in as little as one minute. Even at extreme temperatures as low as -20°C (-4°F), the new battery offers superfast charging.

To improve the energy density, CATL introduced its in-house 3D honeycomb material. As a result, the Shenxing Plus has an energy density of 205 Wh/kg, comparable to most traditional NCM batteries.

LFP batteries are typically cheaper but are known to offer lower energy density. CATL’s new battery looks to change that.

In January, CATL said it would reduce the cost of LFP batteries per kWh by a massive 50% by the middle of 2024. It looks like it’s well on its way. You can watch CATL’s 2024 product launch below.

CATL 2024 product launch (Source: CATL)

Electrek’s Take

With cheaper, more efficient EV batteries coming out of China, the country looks to solidify its position as the world’s largest electric car market.

In February, CATL formed an “all-star” lineup with other Chinese automakers and battery makers, such as BYD and NIO, to develop new solid-state batteries.

BYD and CATL already supply batteries to Tesla, Ford, BMW, Toyota, Kia, Mercedes-Benz, and Toyota. With even cheaper, more advanced battery tech launching, CATL is enabling more buyers globally to go electric.

Although most automakers have announced plans to develop batteries, how do they plan to keep up with CATL if it’s already this far ahead?

Source: CarNewsChina, CATL

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Trump’s Truth Social takes step toward launching bitcoin ETF with NYSE Arca filing

Published

on

By

Trump's Truth Social takes step toward launching bitcoin ETF with NYSE Arca filing

Anna Barclay | Getty Images

President Donald Trump’s Truth Social platform moved a step closer to having a bitcoin exchange-traded fund available to everyday investors.

NYSE Arca, the all-electronic arm of the New York Stock Exchange that handles most ETF trading, filed on Tuesday to list a bitcoin fund linked to the president’s media company, the latest sign of Trump’s expanding push into the crypto world. Known as a 19b-4 form, the filing is required before regulators can decide whether to allow the fund to launch and trade on a U.S. exchange.

Called the Truth Social Bitcoin ETF, the fund is designed to track the price of bitcoin and offer a simpler way for investors to gain exposure without holding the asset directly. The filing follows an announced partnership between Trump Media and Crypto.com in March to bring a suite of digital asset products to market later this year, pending regulatory approval.

Those planned offerings include baskets of cryptocurrencies, such as bitcoin and Crypto.com’s native Cronos token, combined with traditional securities. The products will be branded under Trump Media and made available to global investors through major brokerage platforms and the Crypto.com app, which serves more than 140 million users worldwide.

Since the January 2024 launch of spot bitcoin ETFs, the market has swelled to more than $130 billion in total assets. BlackRock‘s iShares Bitcoin Trust (IBIT) accounts for the lion’s share, with nearly $69 billion in assets, making it the largest digital asset manager in the world.

Trump is the majority owner of Truth Social’s parent company, Trump Media & Technology Group, which has made a series of crypto-aligned moves in recent months — from trademarking digital asset products to unveiling a $2.5 billion bitcoin treasury plan last week in Las Vegas. If approved, the ETF would represent one of the most politically connected entries into the booming market for bitcoin funds.

WATCH: SEC Commissioner Peirce on dropping Binance case: We’re writing the rules first, then enforcing

SEC Commissioner Peirce on dropping Binance case: We’re writing the rules first, then enforcing

Continue Reading

Environment

West Virginia just hit a solar milestone but there’s a major catch

Published

on

By

West Virginia just hit a solar milestone but there’s a major catch

The third of a quintet of West Virginia solar farms just came online, and while that’s a renewable milestone, there’s a disappointing hitch.

3 out of 5 West Virginia solar farms are online

FirstEnergy subsidiaries Mon Power and Potomac Edison have launched a 5.75 megawatt (MW), 17,000-panel solar farm at Marlowe in Berkeley County. The new solar farm sits on about 36 acres of land along I-81 and the Potomac River – land that used to store ash from the retired R. Paul Smith Power Station.

In 2022, FirstEnergy wrapped up a major cleanup effort, pulling more than 3 million tons of ash from the site to be reused in cement manufacturing. With the landfill officially closed, the company cleared the way to turn the former waste site into a clean energy generator as part of its solar program. Fifty-four local union workers constructed the solar farm, which features US-made solar panels, a racking system, and electrical equipment.

It’s the third of Mon Power and Potomac Edison’s five solar farms that will generate up to 50 MW of clean energy combined. The companies completed their first solar farm at Fort Martin Power Station (18.9 MW) in early 2024, and their Rivesville solar site (5.5 MW) came online last fall. In total, the companies now have 30 MW of solar capacity.

Advertisement – scroll for more content

Electrek’s Take

Combined, the five projects will create more than 87,000 Solar Renewable Energy Credits (SRECs) available for purchase by customers for 4 cents per kilowatt hour in addition to normal rates. Aside from the essential benefit of cutting carbon emissions, there isn’t anything else in it for customers, apart from spending, on average, an extra $40 or so a month out of the goodness of your heart to go solar. Heck, you don’t even get a T-shirt.

Mon Power and Potomac Edison – why are customers being charged MORE to buy into solar in West Virginia? That’s a stick, not a carrot. (And WV? Coal’s not coming back. It doesn’t matter what Trump says.)

But solar growth anywhere is something to be cheerful about, and solar energy in coal-state West Virginia is progressing. According to the Solar Energy Industries Association, as of Q4 2024, 205 MW of solar is installed in West Virginia. So, it’s no surprise that it’s at the bottom – it’s ranked 49th in the US for the amount of solar installed. However, it’s projected to reach 40th place over the next five years with 1,064 MW, so at least it’s expected to improve.


To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Kia’s low-cost EV4 is getting the GT treatment: Here’s our first look at the interior

Published

on

By

Kia's low-cost EV4 is getting the GT treatment: Here's our first look at the interior

Is the Kia EV4 GT the affordable electric sports car we’ve been waiting for? Kia’s first global electric sedan is about to get a sporty upgrade. After the EV4 GT was spotted in public, we’re finally getting a glimpse of the interior.

Kia EV4 GT spotted, revealing first look at the interior

The EV4 arrives as one of the most highly anticipated electric cars of 2025. After opening orders in Korea earlier this year, Kia will launch it in Europe later this year and the US in 2026.

Kia’s electric sedan starts at just 41.92 million won, or around $30,000 in Korea. Although prices for Europe and North America have yet to be revealed, the entry-level EV is expected to start at around $35,000 to $40,000.

Despite its typical four-door design, Kia labels it as an “entirely new type of EV sedan” with a wide stance and fastback silhouette.

Advertisement – scroll for more content

Although the EV4 already has that sports car look, Kia is about to introduce an upgraded GT variant that could be a true Tesla Model 3 Performance challenger.

Kia-EV4-GT-interior
Kia EV4 GT-Line (Source: Kia)

Who could forget the EV6 GT? It hit the market in 2022 as “the most powerful Kia production vehicle ever.” With 576 hp, the high-performance EV could hit 0 to 60 mph in just 3.4 secs, faster than the average Ferrari or Lamborghini.

With significant advancements in battery technology, powertrain, and other areas over the past few years, the EV4 GT will likely offer even more.

Kia-EV4-GT-interior
Kia EV4 GT-Line (Source: Kia)

The EV4 GT was spotted outside Kia and Hyundai’s facility in Korea, and a few spy photos give us a glimpse of the interior for the first time.

The new video from HealerTV reveals a few interior upgrades the GT model will get over the standard EV4. As you can see, it resembles the EV9 GT interior almost identically. The only slight difference that we can see is the different material on the upper part of the seating.

Kia EV4 GT interior first look (Source: HealerTV)

Like the EV6 GT and EV9 GT, the EV4 GT will also include an adjustable ambient lighting feature, allowing you to customize the interior color and brightness.

Although it’s covered, the EV4 GT is expected to feature Kia’s new ccNC infotainment system. The panoramic curved display includes dual 12.3″ driver and navigation screens.

kia-ev4-gt-interior
Kia EV4 GT-Line interior (Source: Kia)

The exterior is likely to receive a more aggressive front-end design and larger wheels, similar to those of other Kia GT vehicles. Although the final specifications have yet to be revealed, the EV4 GT is expected to feature an all-wheel-drive (AWD) dual-motor powertrain.

In Korea, the EV4 is available in two battery options: 58.2 kWh and 81.4 kWh, offering a driving range of 237 miles or 331 miles (533 km). The GT variant is likely to use the larger 81.4 kWh battery pack, similar to other GT models.

Kia-EV4-GT-interior
2026 Kia EV4 electric sedan (Source: Kia)

Kia will launch the EV4 in the US next year, featuring a built-in NACS port to access Tesla Superchargers and an EPA-estimated driving range of up to 330 miles. Prices will be revealed closer to launch, but the EV4 is expected to start at around $35,000 to $40,000. The GT variant could cost upwards of $50,000 to $55,000, with the 2025 Kia EV6 GT starting at $63,800.

The Tesla Model 3 Performance starts at $54,990 in the US with 298 miles range and a 0 to 60 mph time in 2.9 seconds.

Will the Kia EV4 GT match it? Let us know your thoughts in the comments.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending