China commits nearly $830 million for advanced EV battery technology
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China has announced a significant investment of approximately 6 billion yuan ($828 million) into the development of advanced electric vehicle (EV) battery technology, as reported by China Daily. This funding is part of a government-led initiative launched earlier this year, with a focus on all-solid-state batteries. Major industry players such as Contemporary Amperex Technology Co. Ltd., BYD, and Zhejiang Geely Holding Group Co., have been chosen to participate in this program.