CHINA has set up a fund of around RMB6 billion (US$828 million) to stimulate solid-state battery development for electric vehicles (EVs) and retain its global lead in the groundbreaking technology, reports Caixin.
Solid-state batteries, so-named for their use of solid electrolytes, are considered a potential game changer for the EV industry because they enable high-voltage, high-capacity cathodes that provide a huge boost to battery performance, along with advantages in safety and shortened charging times.
The fund is not that large, but its establishment could be seen as an indication of China's eagerness to commercialize solid-state battery technology as soon as possible and keep its companies at the head of the global race to develop longer-range and safer EV batteries, the insider said.
Battery-makers and EV manufacturers must cooperate to apply to the fund, the insider added, without providing further details about the application process.
SeaNews Turkey
Solid-state batteries, so-named for their use of solid electrolytes, are considered a potential game changer for the EV industry because they enable high-voltage, high-capacity cathodes that provide a huge boost to battery performance, along with advantages in safety and shortened charging times.
The fund is not that large, but its establishment could be seen as an indication of China's eagerness to commercialize solid-state battery technology as soon as possible and keep its companies at the head of the global race to develop longer-range and safer EV batteries, the insider said.
Battery-makers and EV manufacturers must cooperate to apply to the fund, the insider added, without providing further details about the application process.
SeaNews Turkey