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A significant factor driving advancements in battery technology is the role of artificial intelligence (AI) in research and development. Experts claim that AI can enhance the efficiency of battery R&D, potentially reducing costs by up to 80%. This predicts a future where batteries could be manufactured at prices unseen before, further accelerating the shift towards electric vehicles.
Competitive Landscape and Global Implications
The rush to develop solid state batteries is not limited to China, as companies globally (including American firms like QuantumScape and South Korean giant Samsung SDI) are racing to catch up. The competitive landscape is critical, with Chinese companies stepping up collaborations to establish dominance in this key technology field.