Chery plans to install solid-liquid hybrid batteries in vehicles in the fourth quarter of 2026 and begin vehicle validation of all-solid-state batteries in 2027.
Xpeng Iron will use high-energy solid-liquid hybrid batteries, reflecting delays in the commercialization of all-solid-state technology.
Li Auto will directly hold an 8.79% stake in Sunwoda’s power battery unit, while its related entities will have a combined stake of 11.17%.
The 7 Chinese companies in the top 10 held a combined 72.8% share of the global EV battery market.
Dongfeng will unveil its 350 Wh/kg solid-liquid hybrid battery in October and begin installing it in mass-produced vehicles in the fourth quarter, an executive said.
The heavy-duty truck version supports megawatt-level fast charging, reaching 80% in 25 minutes.
China’s EV battery installations reached 79.0 GWh in August, up 5.9% from July, though year-on-year growth slowed.
CATL continued to lead China’s power battery market but lost market share, while BYD gained ground.
CATL’s Shenzhen-listed shares fell another 3.84% on Wednesday and are down about 35% from their recent peak in early May.
CATL will provide battery pack technology licensing, production equipment and training for a plant with a planned annual capacity of 1 GWh.