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BMW and Ford Invest in Solid-State Battery Startup for Future EVs

BMW and Ford Invest in Solid-State Battery Startup for Future EVs Connor Hoffman © Ford The two automakers will use Solid Power s battery technology in upcoming electric vehicles that will arrive by 2030. Ford and BMW have invested in Colorado-based solid-state battery startup Solid Power. Solid-state batteries are promised to offer greater energy density than the lithium-ion batteries that are currently used in electric vehicles. The upcoming EVs with the new batteries will arrive by 2030. Ford and BMW are investing $130 million in solid-state battery startup Solid Power in a push to reduce the cost and increase the range of their future electric vehicles. Ford initially contributed to an earlier investment round in 2019, and both automakers have joint agreements to use the technology in upcoming electric vehicles that will arrive by 2030.

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Ford and BMW Lead $130 Million Round in EV Battery Start-Up Solid Power

Solid Power makes so-called solid-state batteries, which don t use the liquid electrolyte found in the conventional lithium-ion batteries currently used to power most electric vehicles. The batteries can be lighter, with greater energy density that provides more range at a lower cost. But they are currently more costly than lithium-ion batteries and early in development. Under the new agreement, Ford and BMW will receive automotive-capable battery cells from Solid Power for testing and integration into its future vehicles starting next year. The Series B investment round will allow the company to expand in-house manufacturing capabilities and positions, Solid Power CEO Doug Campbell said in a release.

Doug campbellLg energy solutionVolta energy technologiesFord motorSolid powerடக் கேம்ப்பெல்எல்ஜி ஆற்றல் தீர்வுவோல்டா ஆற்றல் தொழில்நுட்பங்கள்ஃபோர்ட் மோட்டார்திட பவர்

BMW, Ford lead Solid Power s $130M Series B – BizWest

Solid Power filed a Form D with the U.S. Securities and Exchange Commission late last year indicating that it planned to raise capital indefinitely. “Solid-state battery technology is important to the future of electric vehicles, and that’s why we’re investing directly,” Ted Miller, Ford’s manager of electrification subsystems and power supply research, said in a statement. “By simplifying the design of solid-state versus lithium-ion batteries, we’ll be able to increase vehicle range, improve interior space and cargo volume, deliver lower costs and better value for customers and more efficiently integrate this kind of solid-state battery cell technology into existing lithium-ion cell production processes.”

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Forradalmi új akkumulátort gyártó cégbe fektetett a BMW és a Ford

Forradalmi új akkumulátort gyártó cégbe fektetett a BMW és a Ford
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Új technológiába fektet a BMW és a Ford

Új technológiába fektet a BMW és a Ford
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