"When it comes to current mass market EV battery technologies, Chery had little chance against established names like CATL or BYD, so it decided to act as a startup and bet its sizable R&D efforts on an upcoming technology like solid-state batteries instead "....
I don't get this part, meaning if they had not started as a start-up ,compared to the already established brands, they couldn't have achieved their target ?
Quote from: Papsy on October 20, 2025, 20:19:00"...Chery had little chance...so it decided to act as a startup and bet its sizable R&D efforts on an upcoming technology like solid-state batteries..."
Chery decided to stop r&d & trying to compete with the existing liquid Li-ion battery tech. instead focused on the newer solid-state battery tech.