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The Qilin battery has an energy density of 255 watt-hours per kilogram.
The battery charges faster than existing cells and is safer and more durable, CATL claimed.
The leading electric-car battery maker will start commercializing the next-generation "Qilin" in 2023.
CATL raised 45 billion yuan ($6.7 billion) in a private placement to produce and upgrade lithium-ion battery manufacturing in four Chinese cities and research and development.
Price Action: TSLA shares traded lower by 0.98% at $701.33 on the last check Thursday.
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