China's Solid-State Battery: 2030 Goal Sparks Equipment Gold Rush

Very Bullish · $300450.SZ · $300457.SZ · $300490.SZ · $300316.SZ · $300747.SZ

What Happened

China's Ministry of Industry and Information Technology and six other departments jointly issued the "15th Five-Year Plan for the New Battery Industry," setting a goal for initial large-scale application of all-solid-state batteries by 2030.

Bottom Line

China's new policy blueprint for solid-state batteries creates a multi-year growth catalyst for domestic equipment suppliers.

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