BYDDY - China's Battery Titans BYD CATL Forge Alliance To Power EVs With Solid-State Batteries Posing Challenge To Japan And The West | Benzinga
In a significant move, China’s leading battery and car manufacturers have come together to develop solid-state batteries, a technology that could revolutionize the electric vehicle (EV) market.
What Happened: The Chinese government has initiated a national alliance to drive the commercialization of solid-state batteries. The initiative, named the China All-Solid-State Battery Collaborative Innovation Platform (CASIP), was established in January, reported Nikkei Asia.
The consortium includes key players from the government, academia, and industry, such as EV battery rivals CATL and BYD Co Ltd (OTC:BYDDY). The goal is to establish a solid-state battery supply chain by 2030.
China is intensifying its research and development of next-generation batteries, leveraging technologies like artificial intelligence. The consortium will focus on basic research, key technologies, and the joint development and manufacturing of EVs equipped with solid-state batteries.
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Participating battery makers include CATL, FinDreams Battery (a BYD subsidiary), CALB, EVE ...