Battery

The first phase of the plant is planned with a capacity of 20 GWh, with trial production scheduled for 2026 and full-scale production starting in 2027.

"Semi-solid-state batteries" will be named "solid-liquid batteries" in China to prevent public confusion with solid-state batteries, according to a local media report.

Sunwoda plans to complete a 0.2 GWh pilot production line for solid-state battery cells by year-end.

In 2024, Brunp processed over 120,000 tons of waste batteries, equivalent to reusing batteries from up to 300,000 EVs.

CATL has reached 700 battery swap stations in China, targeting 1,000 stations by the end of this year.

CATL recorded revenue of RMB 104.2 billion in the third quarter, rising 12.90 percent year-on-year.

This highlights potential supply crunches in China's battery sector amid a recent surge of new vehicle launches.

CATL's market share in September increased by 0.47 percentage points compared to August, while BYD's share grew by 0.22 percentage points.

CATL and BYD collectively installed 379.3 GWh of EV batteries in January-August 2025, accounting for 54.8 percent of the global total.

Following the funding, CAIT-SH is valued at over RMB 10 billion, becoming the first unicorn in the skateboard chassis sector.