Page 57 - Solid Power News Today

Solid Power raises $130 million in second funding round from Ford and BMW PUBLISHED BY $130 million in Series B funding led by Volta Energy Technologies, the venture capital firm spun out of the U.S. Department of Energy’s Argonne National Laboratory, as an investor. Under the investment, Ford and BMW are equal equity owners, and company representatives will join Solid Power’s board. Solid-state battery technology is seen as a breakthrough technology and many startups have entered the sp...

Carmakers are racing to develop EVs amid tightening CO2 emission standards in Europe and China. Solid-state battery technology involves a high-capacity energy storage device that improves on lithium-ion batteries, replacing the liquid or gel-form electrolyte with a solid, conductive material. Among other benefits, the new technology offers more energy density and better safety due to a lack of flammable components. Solid Power has said its technology can deliver 50 per cent more energy density ...

DETROIT (AP) — Ford has raised its stake in a manufacturer of solid-state batteries —...

This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Key Developments - ...

BMW AG and Ford Motor Company have made multi-million-dollar investments in battery startup Solid Power, which makes solid-state batteries that could ultimately power electric vehicles. (Ford Motor Company) Ford and BMW AG have invested $130 million in solid-state battery start-up Solid Power. The announcement comes as automakers strive to find more cost-effective, rechargeable battery solutions for their electric vehicles. The new investment will enable Solid Power to develop its in-house manu...

Uber’s Business ‘Clouded’ By Treating Everyone Like Scum Jalopnik 7 hrs ago Raphael Orlove © Photo: Getty Images (Getty Images) Then-senator Kamala Harris attends a union rally with Uber and Lyft drivers in 2019. Harris’ brother-in-law is a higher-up at Uber. Uber is having a hard time getting its side hustle of providing cabs back up and running, but having no trouble with its main business of government grift. All that and more in The Morning Shift for May 4, 2021...

04 May 2021 Ford and BMW raise the stakes in race for solid-state batteries, says GlobalData Posted in Automotive Following the news that Ford and BMW are leading a $130m funding round for solid-state battery startup, Solid Power; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: As car companies eye much higher volumes for electric vehicles over the next five years, they are also making moves to anticip...

BMW teams up with Ford to play solid-state battery catch-up BMW teams up with Ford to play solid-state battery catch-up May 05, 2021 Two big car-makers invest heavily in solid-state battery-maker in bid to catch up to Volkswagen Group and Toyota Ford and BMW have joined forces and invested more than $US130 million ($A170m) in US-based Solid Power in an effort to catch up to rivals which are already developing the next-gen battery tech. According to reports, the latest funding round will allow t...

The two automakers will use Solid Power's battery technology in upcoming electric vehicles that will arrive by 2030.  

BMW and Ford team up for Wunder-Akku May 4, 2021 by archyde Joint project aims to ensure a rapid breakthrough in solid-state batteries for e-cars. As reported, wants BMW together. The two car manufacturers are participating in the solid-state battery specialist together with an investor Solid Power. With the investment of the three companies totaling 130 million dollars, Solid Power could expand production, said Peter Lamp, responsible for the battery business at BMW. Solid Power did not com...