In March, Hyundai Motor will publicly unveil its pilot production line for all-solid-state electric vehicle batteries for the first time, promising enhanced endurance, faster charging speeds, and improved energy density. Over the next decade, Hyundai Motor intends to invest a staggering $7.3 billion in research and development for electric vehicle battery technology, encompassing all-solid-state battery technology. Concurrently, numerous domestic enterprises are actively pursuing solid-state battery development, with notable progress and plans announced by companies like GAC Group and Changan Automobile. Furthermore, the subsidiary of Enjie Co., Ltd. has signed a long-term supply agreement with Beijing Weilan New Energy for solid-state battery electrolytes, signaling the escalating momentum towards the industrialization of solid-state batteries.
