CATL launches low-priced lithium iron phosphate battery cells, targeting the low-end electric vehicle market

In order to cope with the problem of overcapacity in power batteries, the industry leader CATL launched a 173Ah VDA lithium iron phosphate battery cell and promoted it to many automakers at a price of 0.4 yuan/Wh. This move aims to seize the low-end pure electric vehicle market below 200,000 yuan and consolidate its market position through a large single product strategy.