CATL Launches New Hybrid Battery Product

BEIJING (Reuters) – Chinese battery giant CATL on Thursday launched its first battery product focused on extended-range hybrids, coinciding with the rapid sales growth in this segment of electrified cars.

The battery, known as Freevoy, is touted as the world's first hybrid battery with a range exceeding 400 km (249 miles), as stated by Gao Huan, chief technology officer of CATL's electric vehicle division in China.

During a press conference in Beijing, Gao announced that Freevoy is being adopted by various Chinese EV brands, including Li Auto (NASDAQ: LI), and will be featured in models from industry leaders like Geely and Chery.