He said CATL would be able to mass produce a battery capable of delivering 400 kilometers of driving range with a 10-minute charge this year.
The company aims to shorten that charge time to five to seven minutes for the same driving range as its next target, he said.
Automakers and some suppliers have been racing to develop solid-state batteries that would offer greater power and increased driving range.
Toyota (7203.T) said last month it had overcome an issue with the durability of solid-state batteries that would pave the way for production as soon as 2027.
Wu said he was skeptical that solid-state batteries were ready for mass production and of the cost reduction claims.
Persons:
Wu Kai, Wu, CATL, Zhang Yan, David Evans
Organizations:
EVs, Toyota, Thomson
Locations:
SHANGHAI, Shanghai