China Invests 6 Billion Yuan to Support Solid-State Battery Research and Development

The Chinese government plans to invest about 6 billion yuan in the research and development of all-solid-state batteries. This fund will mainly support six companies including CATL, BYD, FAW, SAIC, Weilan New Energy and Geely for basic research and development. 

All-solid-state batteries have the advantages of high energy density, long driving range, low temperature, and safety, and are regarded as disruptive technologies in the future power battery market.  

At present, all-solid-state batteries are recognized as one of the preferred options for the next generation of batteries and are included in the development strategies of major countries and regions such as China, the United States, the European Union, Japan and South Korea, becoming the key commanding heights of the competition for next-generation battery technology. 

All-solid-state batteries present significant technical challenges due to their interdisciplinary nature. Key obstacles include material interface, manufacturing processes, industrial chain, and equipment. Additionally, the complexity and technical barriers associated with electrolyte advancements pose further limitations to their development. 

Despite their potential advantages, all-solid-state batteries currently face a significant cost gap compared to traditional liquid batteries, hindering their commercialization. Cost control remains a crucial factor for achieving full-scale mass production and deployment.