Chery to Put Solid-State Batteries Through Real-World Road Tests in 2027
Chinese automaker Chery is preparing to test solid-state battery technology, which is expected to revolutionize the electric vehicle sector, under real-world road conditions. The company announced that it will begin validating its next-generation batteries on vehicles in 2027. The project is backed by a 10 billion yuan (approximately $1.5 billion) R&D investment.
Solid-state batteries stand out for offering higher energy density and better safety compared to traditional lithium-ion batteries. Chery's testing of this technology under real-world road conditions is seen as a critical step in determining whether the batteries are ready for commercial use. The company's move is viewed as an effort to establish technological superiority at a time when competition in the electric vehicle market is intensifying.
The scale of the investment underscores how seriously Chery is focusing on this area. The $1.5 billion R&D budget covers not only the battery development process but also the establishment of production infrastructure. With this investment, the company aims to reduce the cost of solid-state batteries and accelerate the transition to mass production.
Experts note that solid-state batteries could significantly increase the range of electric vehicles and shorten charging times. Chery's tests in 2027 could be an important milestone on the path to commercialization of this technology. However, it is also noted that more time may be needed for the technology to mature and costs to decrease.
This is not investment advice.
📊 BYD — Piyasa Yorumu
▲ up · 55%The news involves Chery, a direct competitor of BYD, and its solid-state battery plans. While this could increase competition in the sector, it is not a directly negative development for BYD. Technical indicators are slightly positive: the price is above the 20-day moving average, MACD is above the signal line, and RSI is in neutral territory. In the short term, a sideways to slightly upward movement can be expected, but the impact of the news may be limited. The market may view Chery's 2027 target as speculative and focus on BYD's strength in current battery technology. Therefore, I foresee a cautiously bullish outlook.
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