Boost for EVs: Chinese carmaker Chery to begin testing solid-state batteries next year

Chairman says it plans to invest US$1.49 billion in the new battery technology over the next two years Yin Tongyue, the chairman of the state-owned carmaker, which is based in central China’s Anhui province, said on Thursday that it would invest 10 billion yuan (US$1.49 billion) in the new battery technology over the next two years, with 1,200 engineers to be deployed in the hunt for innovative breakthroughs. “Multiple [battery] technology plans are being laid out,” he told the World Power Battery Conference in Yibin, Sichuan province, the National Business Daily reported. “We will not install them in our vehicles unless they prove to be absolutely safe.” But no solid-state batteries have been installed in mass-produced EVs.

Read the full article at the source →