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(Reporting by Zhang Yan, Qiaoyi Li, Ethan Wang and Liz Lee; Editing by Edwina Gibbs) China plans to invest more than 6 billion yuan ($830 million) in a government-led project to develop solid-state batteries with six firms eligible for state funding to work on the next-generation technology, a person with direct knowledge of the matter said.
Solid-state batteries have the potential to realize significant improvements in key parameters such as energy density (dense material layers) and improved safety (no flammable solvents).
Reuters reports that the government has selected CATL, Nio-backed WeLion New Energy Technology, BYD, FAW, SAIC, and Geely to work on a government-led project for developing solid-state batteries. While lithium-ion batteries use liquid electrolytes, solid-state batteries consist of solid electrolytes.
For private solid-state battery companies, you will need to go through the private capital market to access stocks. Keep in mind that the SEC restricts access to the private market to accredited investors with a net worth of at least $1 million and a certain level of trading experience.
Several global automakers are also looking into the technology, hoping to break China's dominance in the current EV battery technologies. Japan's Toyota Motor, a laggard in EV development, has said it plans to launch vehicles powered by solid-state batteries in a couple of years. Tesla has not detailed any solid-state development plans.
Nissan aims to launch EVs equipped with solid-state batteries in FY2028. reuters.com China plans to fund a project for developing solid-state batteries with an investment of more than 6 billion yuan (766 million euros). Six companies will be eligible for the government funding.
The energy storage project is expected to start construction in September 2024 and put into operation in October 2025. The semi-solid-state battery project is scheduled to …
A phase of the construction of 2GWh sodium-ion battery and energy storage system integration production line, with a total investment of 620 million yuan, after completion …
China plans to invest more than 6 billion yuan ($830 million) in a government …
Recently, the Chinese government announced a significant boost in funding for solid-state battery research to accelerate development and commercialization. This …
China will likely spend about RMB 6 billion yuan ($830 million) on all-solid-state battery R&D, state-owned China Daily said in a report today, citing multiple sources. Six companies, including CATL, BYD, China FAW …
The Chinese government is planning to invest more than 6 billion yuan (about $830 million) into the research and development of solid-state batteries as part of efforts to …
Under the name Statevolt Emirates, this venture in the UAE is poised to revolutionize the energy storage sector with a capital investment of US$3.2 billion. The facility will specialize in semi-solid battery cells initially, …
ProLogium: a €5.2 billion investment in Hauts-de-France. Faced with fierce international competition, the Taiwanese group ProLogium has chosen the Grand Port …
The investment will increase Toyota''s production capacity for both solid-state and prismatic batteries by an additional 9 GWh. The first supply of these advanced batteries is expected to …
China will likely spend about RMB 6 billion yuan ($830 million) on all-solid-state battery R&D, state-owned China Daily said in a report today, citing multiple sources. Six …
Toyota would invest a total of about 245 billion yen with its battery subsidiaries Prime Planet Energy & Solutions and Primearth EV Energy to boost production capacity for …
The investment will increase Toyota''s production capacity for both solid-state and prismatic …
China plans to invest more than 6 billion yuan ($830 million) in a government-led project to develop solid-state batteries with six firms eligible for state funding to work on the...
The battery firm, founded by Swedish entrepreneur Lars Carlstrom a couple of years ago, has announced an investment of about $3.2 billion for the gigafactory project that is planned to come up at the Al Ghail …
The battery firm, founded by Swedish entrepreneur Lars Carlstrom a couple of years ago, has announced an investment of about $3.2 billion for the gigafactory project that is …
ProLogium: a €5.2 billion investment in Hauts-de-France. Faced with fierce international competition, the Taiwanese group ProLogium has chosen the Grand Port Maritime in Dunkirk as the location for its European solid state …
Recently, the Chinese government announced a significant boost in funding for …
The energy storage project is expected to start construction in September …
Weilan New Energy launches 100 MWh solid state battery project . On March 29, Jiangsu Weilan New Energy Battery Co., Ltd. held a foundation laying ceremony for phase …
The Chinese government is planning to invest more than 6 billion yuan (about $830 million) into the research and development of solid-state batteries as part of efforts to maintain its lead in the electric vehicle market.
Innovation News Network reported that the investment for the battery factory is now valued at €5.2 billion, potentially boosting the EU''s electric vehicle battery industry. …
Sineng Electric Powers World''s Largest Sodium-Ion Battery Project; Natron Energy Invests $1.4 Billion in North Carolina Battery Plant; Natron Energy''s Ambitious Sodium …
China plans to fund a project for developing solid-state batteries with an investment of more than 6 billion yuan (766 million euros). Six companies will be eligible for the government funding.
South Korean government affirmed a $15.1 billion i.e. 20 trillion won worth of investment for research and development of solid-state and other advanced batteries on Thursday. South Korea''s top three electric vehicles …
China plans to fund a project for developing solid-state batteries with an investment of more than 6 billion yuan (766 million euros). Six companies will be eligible for …
Located in the Liangjiang New Area, Ganfeng''s new lithium battery technology industrial park has delivered over 1,000 solid-state batteries, with a fixed investment …
On February 25, NIO''s solid-state battery supplier, Beijing WeLion New Energy Technology, broke ground on a 100 GWh solid-state lithium battery project in Zibo, eastern …