China's first solid-state battery factory has opened in Jiangsu Province. Chinese start-up Qing Tao (Kunshan) Energy Development Co. Ltd, led by Nan Cewen, a member of the Chinese Academy of Sciences, has invested 1 billion yuan (144 million US dollars) on the solid-state battery project. Chinese start-up Qing Tao (Kunshan) Energy Development has invested CNY1bn ($144m) in the production line, which replaces the liquid or gel-based electrolyte used in lithium-ion batteries with a solid alternative. The company says its new technology is more efficient than current lithium batteries, and can be made at lower cost because it uses less expensive materials.
China's first solid-state battery factory has opened in Jiangsu Province. Chinese start-up Qing Tao (Kunshan) Energy Development has invested CNY1bn ($144m) in the production line, which replaces the liquid or gel-based electrolyte used in lithium-ion batteries with a solid alternative. The company says its new technology is more efficient than current lithium batteries, and can be made at lower cost because it uses less expensive materials.