EV battery giants BYD, CATL form Chinese powerhouse to build solid-state batteries

作者： 时间：2024-02-26 16:09:11 阅读：104

Chinese automakers and battery giants, including BYD, CATL, and NIO, are teaming up to form an “all-star” lineup aimed at developing all solid-state EV batteries.

In a move that could revolutionize the EV market, China’s leading auto and battery manufacturers are forming an alliance to commercialize all solid-state batteries.

According to Nikkei Asia, the China All-Solid-State Battery Collaborative Innovation Platform, or CASIP, was formed last month.

The government-led alliance pools academia and industry leaders, like BYD and CATL, to build a solid-state EV battery supply chain.

China already dominates the global EV battery market, with BYD and CATL alone accounting for over 50% alone. Data from SNE Research (via Bloomberg) shows CATL’s sales in the US and Europe doubled last year.

BYD and CATL batteries are used in Tesla, BMW, Toyota, Mercedes-Benz, Kia, Ford, and other leading EV makers.

China looks to stay on top by boosting research and development of next-gen EV battery tech, including all-solid-state.

BYD, CATL team up to develop solid-state EV batteries

“We need to be prepared for the risk that all-solid-state battery technology could overturn” China’s upper hand in the EV battery market, Ouyang Minggao, a Tsinghua University professor, explained.

Minggao, who specializes in auto tech development, highlighted the importance of bringing industry leaders together. CASIP will focus on commercializing EVs with solid-state batteries and establishing a supply chain.