Chinese automaker Guangzhou Automobile Group (GAC) has completed building the country's first large-capacity all-solid-state battery production line, and now the batteries are now in production testing.
All-solid-state batteries will give electric vehicles (EV) longer range, faster charging capability, and better safety thanks to the increased energy density compared with conventional lithium-ion cells.
Developers have abandoned traditional liquid electrolytes and switched to self-developed solid electrolyte materials, significantly improving the EV battery's heat resistance and safety.
"All-solid-state batteries use solid electrolytes, whose biggest advantage is its superior heat resistance compared with liquid electrolytes. It can withstand temperatures above 300-400 degrees Celsius, while traditional liquid electrolytes can only withstand temperatures below 200 degrees Celsius," said Shi Liurong, a senior manager of GAC Group's solid-state battery platform.
The building of the production line makes GAC Group the first in the industry to achieve mass production of automotive-grade all-solid-state batteries with capacities exceeding 60 amp-hours.
"The energy density of all-solid-state batteries we are developing now is almost twice that of existing batteries. Vehicles with a range of over 500 kilometers are expected to achieve a range of over 1,000 kilometers with the use of all-solid-state batteries. We plan to install them in vehicles in small quantities for testing in 2026, and gradually carry out mass production between 2027 and 2030," said Qi Hongzhong, head of GAC Group's new energy power research and development division.
China's first large-capacity all-solid-state batteries in production testing
China will strengthen fiscal and financial coordination to amplify policy effectiveness, experts said as the draft central and local budgets for 2026 were unveiled on Friday at the ongoing fourth session of the 14th National People's Congress.
According to the draft central and local budgets for 2026, 1.3 trillion yuan (190 billion U.S. dollars) of ultra-long special treasury bonds will be issued to provide continued support for the implementation of major national strategies and security capacity-building in key areas and for large-scale equipment upgrades and consumer goods trade-in programs.
Ultra-long special treasury bonds totaling 800 billion yuan will be allocated to support the implementation of major national strategies and security capacity-building in key areas, and 250 billion yuan in ultra-long special treasury bonds will be earmarked for consumer goods trade-in programs.
The country will refine these programs in terms of their scope and subsidy standards, and continue to support the scrapping and replacement of automobiles, home appliance trade-in schemes, and purchases of new digital and smart products.
China will also set up a 100-billion-yuan fiscal-financial coordination fund to boost domestic demand. The fund will support consumption and private investment through loan interest subsidies, financing guarantee, and risk compensation.
"Fiscal and monetary policies are the two major macroeconomic tools for macro-control, and their coordination is crucial. For instance, fiscal funds primarily serve as a guiding role, while financial institutions provide the capital. When fiscal guidance and financial resources are combined, the synergistic effect creates a result greater than the sum of its parts," said Yang Zhiyong, director of the Chinese Academy of Fiscal Sciences.
"By leveraging interest subsidies, we can mobilize substantial credit from financial institutions, thereby naturally stimulating consumption. The Ministry of Finance, in collaboration with the People's Bank of China, has introduced highly innovative measures, such as providing guarantees for the issuance of corporate bonds by small and medium-sized enterprises (SMEs), and compensating investors for losses. I believe the leveraging effect, making minimal efforts for maximum results, will become even more potent," said Yao Dongmin, director of the Center for China Fiscal Development under the Central University of Finance and Economics.
China's top legislature opened its annual session on Thursday morning at the Great Hall of the People in Beijing, with Chinese President Xi Jinping and other Party and state leaders attending the opening meeting alongside more than 2,700 NPC deputies. This year's NPC session is scheduled to run till March 12.
China to strengthen fiscal, financial coordination to amplify policy effectiveness: experts
