Ford and BMW drop the dollar on solid-state EV batteries

May 4, 2021 Off By OUHBsujLSQ

Following Volkswagen Group and Toyota, Ford and BMW are investing big in solid-state battery tech, which promises to be a game changer for EVs. Back in 2019, Ford had already put some money down on the US solid-battery firm Solid Power, but now together with BMW they made an investment of $130 million. And that’s not all. The investment group also includes Volta Energy Technologies, a venture capital firm that partners with the US Energy Department’s Argonne Laboratory to explore energy storage and battery innovations. Why all the fuss? The battery is the most expensive part of an electric vehicle, and the the shift…

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