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DeepDrive says it has secured a high-volume nomination from an unnamed global vehicle manufacturer, with series production planned to start in 2028. The development matters because it points to future industrial-scale supply for electric drive systems and comes as the Munich-based company also builds a presence in China.
Gasoline shortages in Russia are pushing buyers toward electric cars and plug-in hybrids. The shift matters because most of these vehicles are coming from China.
The source says Beijing wants large-scale production of solid-state batteries by 2030, and that CATL says making the technology affordable is another matter.
China has presented a new five-year plan for the battery industry that targets larger-scale use of solid-state batteries by 2030. The plan also mentions sodium-ion batteries, fast charging, recycling and industry consolidation.
Brussels is said to be pushing London to align its trade policy on China more closely with the EU, which could mean higher import tariffs on Chinese electric cars. The British government has left open the possibility of changes.