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advanced traction batteries

Chinese Government pledges ‘breakthroughs’ in NEV batteries

Mon, 03/07/2016 - 15:07 -- Paul Crompton
Chinese Government pledges ‘breakthroughs’ in NEV batteries

The Chinese Government has pledged to spend $76.6 million on a research and development institute ‘in search of breakthroughs’ in new advanced traction batteries for new energy vehicles (NEVs).

The government appears to be intent on encouraging innovation in the sector rather than relying on buying the technology it needs, according to minister of Industry and Information Technology Miao Wei.

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