Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China plans to invest around 6 billion yuan ($845 million) to develop next-generation battery technology powering electrical vehicles (EVs), even as its industrial policy has sparked overcapacity concerns and become a key target of US and European complaints. A total of six companies — including CATL, the world’s biggest battery manufacturer, and major automakers like BYD and Geely — are eligible for government support to develop all-solid-state batteries (ASSBs), the official China Daily newspaper reported Wednesday,
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