Mainland China will increase investment in solid-state batteries aaa technology

　　According to Reuters, German auto supplier Continental is currently considering increasing investment in batteries aaa production to compete with suppliers in Asia and the United States, CEO Elmar Degenhart said in an interview.

　　Elmar Degenhart said: "Mainland may increase its investment in the production of innovative batteries, including the production of ordinary batteries." However, he said that Continental will not invest in the lithium-ion batteries currently in use, but expects to invest in lithium-ion batteries in 2024. A new generation of solid-state batteries aaa technology that will be put into production in 2025 or 2025. "We need a technological leap forward in batteries aaa energy density and cost, where solid-state batteries can operate without liquid electrolytes and are significantly less flammable," he said.

　　Although European car companies are assembling batteries for electric vehicles, there are no substantial suppliers in the batteries aaa field in the region, and most batteries aaa production centers are currently concentrated in Asia.

　　The batteries aaa market is currently dominated by Japanese companies such as Panasonic and Nippon Electric (NEC), Korean companies such as LG and Samsung, Chinese companies such as BYD and CATL, and Tesla in the United States.

　　Degenhart said he hopes to share costs by seeking cooperation, with each factory costing about 3 billion euros and capable of supplying 500,000 electric vehicles a year. To be close to consumers, Continental plans to build three factories, one in Europe. America and Asia. He added that due to the high cost of local electricity prices, he did not consider building factories in Germany, and pointed out that LG and Samsung have built small batteries aaa factories in Poland and Hungary respectively, and the electricity prices are 50% cheaper than in Germany.

　　Last month, the EU organized senior officials from car companies, chemistry and engineering to discuss batteries aaa production and research and development issues in the EU. The EU also expressed that it would provide financial support.

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