Asia Tech Wire (May 29) -- China may invest about 6 billion yuan ($828 million) in all-solid-state battery research and development, according to China Daily.

Citing people familiar with the matter, the report said that a total of six companies, including CATL, BYD, FAW, SAIC, WeLion New Energy and Geely, may receive basic R&D support from the government.

Several people familiar with the matter confirmed that the industry's first-ever program, led by relevant departments in Beijing, encourages companies in a position to do so to carry out research and development on all-solid-state battery-related technologies.

After a rigorous screening process, the program finally settled into seven specific projects focusing on different technology routes such as polymers and sulfides, according to the report.