Chinese automaker launches world’s first EV with ‘semi-solid-state’ battery

News Snapshot:

In a promising step towards the evolution of next-generation electric vehicles (EV), Chinese car maker IM Motors has launched a car that features a version of solid-state batteries. The battery pack, dubbed “Lightyear” by IM, is the primary power source for the company’s flagship L6 Lightyear Max, priced at approximately ¥330,000 (equivalent to US$45,600). LM is a collaborative venture between SAIC and Alibaba, a Chinese internet conglomerate. The brand debuted with the L7 sedan and the LS7 electric SUV.