Solid-State battery developer Solid Power continues to rally financial support to help scale its nickel- and cobalt-free cells for EVs. This week, the United States Department of Energy announced it is awarding over $5 million to help Solid Power continue developing its technology which could significantly help lower the price of EV batteries.
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This morning, Solid Power announced that long-time investor BMW Group is expanding an existing joint development agreement to license its technology in order to build its own solid-state batteries in Germany. Under the agreement, BMW will gain access to Solid Power’s battery research and development, cell design, and manufacturing expertise to expedite the technology alongside its partner. That being said, Solid Power isn’t licensing all of its technology.
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Solid-state battery manufacturer Solid Power has posted its financial results for Q2 of 2022, highlighting significant revenue increases compared to 2021 as well as continued progress to deliver 20 Ah silicon anode cells to automotive partners like Ford and BMW. Additionally, Solid Power intends to begin production of EV-scale solid-state battery cells for internal testing this coming quarter.
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EV-scale solid-state battery cells have come one step closer to reality in Louisville, Colorado, where Solid Power announced it will begin pilot manufacturing of solid-state cells. The completed installation of the production pilot line will allow Solid Power to produce silicon anode, solid-state battery cells for internal testing before delivering them to automotive partners BMW and Ford to begin qualification testing.
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Battery manufacturer SK Innovation announced a memorandum of understanding and agreement to jointly develop and manufacture solid-state batteries for EVs using Solid Power’s proprietary electrolyte technology. The goal of the partnership is to validate Solid Power’s all-solid-state battery and electrolyte production processes and work together to further develop the technology.
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BMW and Ford are ramping up investment in solid-state batteries with a new $130 million financing round in Solid Power.
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Solid Power, a startup promising a breakthrough solid state battery, announced today that it is teaming up with Ford to develop batteries for their “next-generation electric vehicles.”
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Several automakers interested in electric vehicles are turning to solid-state batteries for next-gen electric cars in the “post Li-ion era.”
Now a startup developing all solid-state batteries (ASSB) secured backing from several high-profile investors, including several automakers, as it claims a breakthrough for the technology that will enable better electric cars.
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BMW becomes the latest major automaker to invest in bringing automotive grade solid-state batteries to production after announcing a new partnership with Solid Power.
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