BMW and Ford invest in solid-state battery company Solid Power

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BMW announces a demonstrator vehicle "well before 2025"

BMW and Ford invest in solid-state battery company Solid Power-solid-state

Solid Power, an industry-leading manufacturer of solid state batteries for electric vehicles, has announced the completion of a $ 130 million Series B investment funded by BMW Group, Ford Motor Company and Volta Energy Technologies.

BMW and Ford have also expanded existing, joint development partnerships with Solid Power to include solid-state batteries secure for future generations of electric vehicles.

The investment is intended to enable Solid Power to produce complete and fully-fledged automotive batteries, to increase the material production required as a result, and to expand internal production capacities for future integration in vehicles. BMW and Ford want to use the cost-effective and energy-dense solid-state battery technology from Solid Power in upcoming electric vehicles.

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"This puts BMW and Ford at the forefront of the race for solid battery-powered electric vehicles," said Doug Campbell, CEO and co-founder of Solid Power. "Solid Power is now planning to start producing automotive-grade batteries on the company's pilot production line in early 2022. This is one of the results of our partners' ongoing commitment to industrializing our technology."

Solid Power has demonstrated its ability to produce and scale next generation solid state batteries. Using the existing lithium-ion battery production infrastructure, inexpensive electric vehicles are possible that are characterized by increased safety and range.

Solid Power's leading role in the development and production of solid-state batteries was confirmed by the delivery of hundreds of mass-produced solid-state cells that were validated by Ford and the BMW Group in late 2020. As a result, the joint plans of Solid Power and the company's two long-term automotive partners have now been formalized.

BMW and Ford invest in solid-state battery company Solid Power-company

"Solid-state battery technology is important to the future of electric vehicles, and that's why we're investing directly," said Ted Miller, Ford manager, electrification subsystems and power research.

"By simplifying the design of solid-state compared to lithium-ion batteries, we can increase vehicle range, interior space and transport volume. And at lower costs, we can offer customers more value because this type of solid-state battery cell technology can be efficiently integrated into existing lithium-ion cell production processes ", continues Miller.

Frank Weber, Head of Development at BMW: "We at the BMW Group will play a central role in the development of innovative battery technology. The solid-state battery is one of the most promising and important technologies for more efficient, more sustainable and safer electric vehicles. We now have our next step on done this way with Solid Power. "

Weber continues: "Together we have developed a 20 Ah solid fuel cell that is absolutely outstanding in this area. The BMW Group has continuously increased its competence in the development of battery cells over the past ten years – important partners such as Solid Power share our vision of an emission-free one Mobility."

Solid Power currently produces 20 ampere-hours (Ah) multi-layer solid-state batteries on the company's "roll-to-roll production line", which exclusively uses industry-standard lithium-ion production processes and systems.

From 2022, both Ford and BMW will receive 100 Ah cells for automotive qualification tests and for vehicle integration. The solid technology platform from Solid Power enables the production of individual cell designs that enable the different performance requirements to be met for each automotive partner. The cell designs from Solid Power thus achieve higher energy densities and are safer – and at lower costs – than today's most powerful lithium-ion battery cells.

The goal of solid-state technology: by the end of the decade, the energy density of battery cells should increase by at least a mid-double-digit percentage – from an already high level today.

BMW has announced an automotive-grade solid-state battery for series production for the end of the decade. According to the group, a first demonstrator vehicle with this technology should be on the road well before 2025.

Photo gallery: BMW and Ford are investing in the solid-state battery specialist Solid Power

BMW and Ford invest in solid-state battery company Solid Power-solid-state


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