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KGM sees positive news; Chery Chairman says "Will begin real-road testing of all-solid-state batteries"

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*This content was translated by AI.

Chery's all-solid-state battery
Chery's all-solid-state battery

China's Chery Automobile (hereinafter 'Chery') officially announced that it will commence full-scale real-road testing of vehicles equipped with all-solid-state batteries starting in 2027. This statement came directly from In Tung-we (Chairman) of Chery, indicating that a significant portion of the group's development capabilities will be deployed.

The Chery Chairman made these remarks during a recent global media briefing and a meeting regarding financial results, unveiling a concrete test drive roadmap aimed at thoroughly verifying the extreme-environment safety and energy efficiency of all-solid-state batteries.

According to industry sources and foreign media reports, the all-solid-state battery being developed and validated by Chery features significantly improved energy density compared to conventional lithium-ion batteries based on liquid electrolytes, along with markedly reduced risks of fire and explosion caused by high-temperature exposure or physical impact. Chery has openly stated its goal to maximize vehicle durability and driving range per charge starting from the 2027 real-vehicle test phase, thereby accelerating the timeline for full commercialization through advanced core technologies.

Chery Automobile iCar
Chery Automobile iCar

Currently, major global automakers and battery cell manufacturers are engaged in fierce development competition due to high-cost structures and limitations of Yangsan technology. Chery is no exception. The company is simultaneously securing proprietary technologies through its own research and development (R&D) center and forming strategic partnerships with specialized battery companies to improve the ionic conductivity of battery cells while reducing production costs that hinder mass production.

This real-road testing plan is part of Chery's strategy to shift away from its existing portfolio centered on internal combustion engines and HYBE-led investments, aiming to strengthen technological competitiveness in the future core growth market of pure electric vehicles (EVs). The timing for introducing Chery's next-generation EV LINE lineup and establishing the Yangsan system will ultimately be determined based on the results and detailed data from the validation tests scheduled for 2027.

Signing ceremony for strategic investment between KGM Mobility and Chery
Signing ceremony for strategic investment between KGM Mobility and Chery

Meanwhile, on August 2, KGM Mobility and Chery held a strategic investment signing ceremony at the Seoul Namsan Hyatt Hotel. The core of the agreement involves KGM receiving commitments for technology transfers including platforms and various architectures, while Chery Automobile invests $7,500 million (approximately 108.4 billion won) through convertible bonds. Expectations are high regarding how the outcomes of Chery's validation experiments will impact KGM.

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*This content was translated by AI.

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