Chinese Giant Jinlongyu Bets Big on Solid-State Batteries: Is This the Future of Energy?
Jinlongyu Group’s stock rose by 2.1% amid a downtrend, driven by plans for a CNY1.2 billion ($160 million) investment in solid-state battery production in Huizhou, Guangdong province. Solid-state batteries, known for enhanced safety and energy density, are viewed as a revolutionary energy storage solution, though they face high production costs. Jinlongyu has already invested CNY150…