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CATL Unveils Chassis It Says Can Withstand Fires From Crashes [Yahoo! Finance Canada]

NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO) 
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am Check Earnings Report
Most Read from Bloomberg The world's largest maker of electric vehicle batteries said it has signed up Chinese EV brand Avatr, which it part owns with Chongqing Changan Automobile Co., to jointly develop cars based on the new chassis. The new chassis is unique, CATL said at a media briefing Tuesday, in the way it can decouple from the upper body of a car and better absorb energy from frontal collisions of up to 120kms/hour. The battery remained intact, according to a video that was shown. The risk of EV battery fires, which are difficult to extinquish, is a detraction for some would-be buyers. In South Korea, for example, a battery fire earlier this year in a Mercedes that wasn't even charging sparked a slump in sales and heightened fears about the risk of EVs. China's CATL is deepening its push beyond just building batteries for EVs and storage amid slowing demand for pure-battery cars and a resurgence in the popularity of hybrids. Earlier this month it unveiled its latest g Show less Read more
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