NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Companies / Banking and finance

Battery makers aim to ease EV anxieties with 5-minute charge

Financial Times
8 Oct, 2024 07:22 PM6 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

One advanced battery is capable of a charge time equating to one kilometre of range per second, or 600km in 10 minutes. Photo /123RF

One advanced battery is capable of a charge time equating to one kilometre of range per second, or 600km in 10 minutes. Photo /123RF

Asian battery makers are racing to develop new generations of “superfast charging” cells for electric vehicles that will make refuelling as fast as filling up cars with petrol or diesel.

With the global EV industry seeking to win over sceptical consumers put off by long charge times and “range anxiety”, China’s CATL and Gotion High-tech are this year unveiling batteries that can be charged from 10% to 80% in less than 10 minutes.

The goal is to charge an EV in about five minutes, making the experience virtually indistinguishable from filling up a car using traditional fuels.

“One answer to range anxiety is obviously to give EVs more range, but the other is to make it possible to charge your EV fast enough that it is convenient to do so in the middle of a trip,” said Andreas Breiter, who co-leads McKinsey’s Center for Future Mobility in North America.

“Because there are limits to the amount of range you can achieve and the number of batteries that an EV can hold, faster charging will be part of the solution — but it comes with trade-offs.”

Advertisement
Advertise with NZME.

Challenges standing in the way of the five-minute milestone include heightened safety risks, shorter battery lifespans, availability of grid connections and the extra costs associated with installing superfast chargers.

The EV industry is also fighting a trend of consumers turning to hybrids or sticking with cars powered by petrol and diesel, as incentives to convert to pure electric are reduced.

South Korean carmaker Hyundai told the Financial Times it saw fast charging as essential for boosting EV sales. An expanded infrastructure would increase customer convenience, it said, and joint ventures had been set up with other carmakers to build high-powered EV charging networks across North America and Europe.

Advertisement
Advertise with NZME.

While many potential purchasers of EVs are still put off by the thought of interrupting a journey to spend up to an hour at a charging station, several 800-volt EV models already on the market can be refuelled with “Level 3″ chargers to about 80% — translating to hundreds of kilometres of range — in less than 20 minutes.

Road trips after short charge

“Our superfast chargers allow an EV to be charged to 80% in just 15 minutes, giving you enough range to drive the 450km from LA to Las Vegas,” said Joon Park, chief marketing officer of Korean charger maker SK Signet, giving one example.

Charging speed is typically measured in terms of how long it takes to go from a 10% to an 80% charge, because batteries should ideally not be depleted below 10%, while charging speeds slow dramatically between 80 and 100%.

Some superfast chargers already allow an EV to be charged to 80% in quarter of an hour, providing enough range to drive the roughly 420km from Auckland to Cape Reinga. Photo / Tania Whyte
Some superfast chargers already allow an EV to be charged to 80% in quarter of an hour, providing enough range to drive the roughly 420km from Auckland to Cape Reinga. Photo / Tania Whyte

According to the US Department of Transportation, a “Level 1″ charger that plugs into a standard household 120 volt AC outlet offers about 1 kilowatt of power — enough to charge an EV from empty to 80% in 40-50 hours. A 240-volt “Level 2″ charger of the kind used for overnight charging will typically offer up to 20kW and charge times of 4-10 hours.

But the latest super fast “Level 3″ chargers, which bypass an EV’s onboard charger and supply direct current (DC) straight to the battery, can offer hundreds of kilowatts, drastically reducing charge times. Tesla Superchargers offer up to 250kW, giving 75 miles of charge in five minutes, while Huawei’s top-of-the-range charger offers 600kW.

Neil Beveridge, a senior analyst at Bernstein in Hong Kong, notes that China’s leading battery makers have pulled ahead of their Korean rivals in producing cells capable of the quickest charge times.

CATL’s Shenxing Plus battery, unveiled at the Beijing auto show earlier this year, promises a charge time equating to one kilometre of range per second, or 600km in 10 minutes.

But Korean battery makers are determined to close the gap. “In 2026, we will unveil a battery that can be fully charged within nine minutes,” Goh Juh-young, vice-president of South Korean battery maker Samsung SDI, told the Financial Times.

Advertisement
Advertise with NZME.

“But our aim is to develop an EV battery that will be on a par with internal combustion engine vehicles that can go 600km after a five-minute refuelling.”

On the downside, Lee Hang-koo, head of the Jeonbuk Institute of Automotive Convergence Technology in South Korea, says there is evidence a battery’s lifespan can be reduced by excessive superfast charging, as well as there being an increased risk of battery fires because of overheating.

“The biggest problem with fast charging is the temperature of batteries,” said Kim Je-young, chief technology officer at LG Energy Solution, the world’s largest non-Chinese battery producer.

One reason charging speeds of Chinese batteries have pulled ahead is their makers’ focus on lithium iron phosphate or LFP batteries, which are less susceptible to overheating than the nickel-rich batteries of Korean battery makers.

Last week, LG Energy Solution’s parent LG Chem announced it had developed a temperature-responsive “safety reinforced layer” a 100th the thickness of human hair designed to reduce the risk of so-called thermal runaway, a leading cause of battery fires.

‘Why electric vehicles are going to win in the end’

The Jeonbuk Institute’s Lee noted that charging speed was not the top priority of many EV owners, who may be unwilling to shoulder the extra cost of power-intensive superfast charging.

“According to recent polls, consumers think lowering EV prices and having long ranges are more important than charging speed,” said Lee. “Consumers want to see more charging facilities more than they want to see faster charging.”

But the industry is approaching a tipping point, according to Bernstein’s Beveridge, where owning an EV will no longer be regarded as any less convenient than owning a car with a standard internal combustion engine.

“If you look at the state-of-the-art vehicles coming out of China, you can see that it will soon be fairly standard to get 700-800 kilometres on a 10-minute charge,” he said.

“That will be more than enough for the vast majority of consumers, and that is why electric vehicles are going to win in the end.”

Written by: Christian Davies and Song Jung-a in Seoul

© Financial Times

Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from Banking and finance

Business|companies

House prices to be 20% lower in real terms by mid-2030s - forecast

18 Jun 08:42 PM
Business|companies

Major banks halt over-counter deposits into others' accounts

15 Jun 07:37 PM
Interest rates

Final big bank drops home loan rates after OCR cut

12 Jun 05:52 AM

Anzor’s East Tāmaki hub speeds supply

sponsored
Advertisement
Advertise with NZME.

Latest from Banking and finance

House prices to be 20% lower in real terms by mid-2030s - forecast

House prices to be 20% lower in real terms by mid-2030s - forecast

18 Jun 08:42 PM

House prices will be 20% lower in real terms by the mid-2030s than in 2021.

Major banks halt over-counter deposits into others' accounts

Major banks halt over-counter deposits into others' accounts

15 Jun 07:37 PM
Final big bank drops home loan rates after OCR cut

Final big bank drops home loan rates after OCR cut

12 Jun 05:52 AM
ASB offers $150,000 interest-free loans for farm solar systems

ASB offers $150,000 interest-free loans for farm solar systems

09 Jun 11:51 PM
Kaibosh gets a clean-energy boost in the fight against food waste
sponsored

Kaibosh gets a clean-energy boost in the fight against food waste

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP