China plans to invest 6 billion yuan in research and development of all-solid-state batteries

According to multiple sources, the Chinese government may invest about 6 billion yuan in the research and development of all-solid-state batteries. The companies involved in the research and development include six well-known companies such as CATL, BYD, FAW, SAIC, Weilan New Energy and Geely. This unprecedented project is led by government departments and aims to encourage these companies to conduct research and development on all-solid-state battery technology.