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REUTERS/Tingshu Wang/File Photo Purchase Licensing Rights BEIJING, May 29 (Reuters) - 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.
China plans to invest around 6 billion yuan ($845 million) to develop next-generation battery technology powering electrical vehicles (EVs), even as its industrial policy has sparked overcapacity concerns and become a key target of US and European complaints.
The investment comes at a sensitive time for global trade relations. China’s EVs are under the spotlight in the European Union and the US, which have accused the Asian nation of exporting excess inventory as it faces a slowdown in demand at home.
A total of six companies — including CATL, the world’s biggest battery manufacturer, and major automakers like BYD and Geely — are eligible for government support to develop all-solid-state batteries (ASSBs), the official China Daily newspaper reported Wednesday, citing unnamed industrial sources.
China is seeking to cement its lead in the global EV market after early and heavy investment in domestic supply chains helped it become the most cost-competitive battery and EV producer in the world.
A sign of battery manufacturer CATL is pictured at its booth at the Beijing International Automotive Exhibition in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo Purchase Licensing Rights
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 …
China plans a 6 billion yuan ($845 million) investment to advance next-generation all-solid-state battery (ASSB) technology for electric vehicles (EVs), involving major companies like CATL, …
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The total planned investment of the project is 2 billion yuan, of which 300 million yuan will be invested in the first phase, which will invest in the construction of about 50,000 batteries per …
The total planned investment of the project is 2 billion yuan, of which 300 million yuan will be invested in the first phase, which will invest in the construction of about 50,000 batteries per …
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China plans to invest around 6 billion yuan ($845 million) to develop next-generation battery technology powering electrical vehicles (EVs), even as its industrial policy …
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 …
By investing 6 billion yuan ($827.87 million) in research and development for all-solid-state batteries, China aims to address these challenges head-on and accelerate …
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 …
Shares of Ganfeng Lithium, one of the world''s largest refiners of the strategic metal, rose after it announced a 15 billion yuan (US$2.2 billion) investment to build two battery...
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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 …
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China plans to invest around 6 billion yuan ($845 million) to develop next-generation battery technology powering electrical vehicles (EVs), even as its industrial policy …
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