Page 58 - Solid Power News Today

Solid-state battery company Solid Power closes $130M Series B led by BMW, Ford and Volta Solid Power, a developer of all solid-state batteries for electric vehicles, announced a $130-million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies. Ford and the BMW Group have also expanded existing joint development agreements with Solid Power to secure all solid-state batteries for future electric vehicles. Volta Energy Technologies is a venture capital ...

Share: This week, Ford Motors (NYSE: F) announced it should be selling enough electric vehicles in North America to produce its own battery cells domestically by 2025, according to its chief product platform and operations officer Hau Thai-Tang. The renowned tonneau-cover manufacturer Worksport Ltd (OTC: WKSP) officially signed a lease agreement for its new Canadian manufacturing facility where the forthcoming TerraVis solar technology, which will be configured for two upcoming electric picku...

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Ford, BMW Invest in Developer of Solid-State EV Batteries The Blue Oval joins BMW in making the investment in Solid Power, a company that works with sulfide-based solid-state battery cells. The deal makes the two auto giants equal equity owners in the company. The batteries in today’s electric vehicles are strikingly similar to the lithium-ion batteries that power smartphones and other devices, but solid-state battery technology promises to change that. Solid-state batteries are more di...

Tuesday, May 4, 2021 This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.  Key Developments U.S. new light-vehicle sales in April predict a  In an earnings call last week,  Ford warned of a potential volume loss approaching  1.1 million vehicles for the full year’s planned production due to the ongoing global semiconductor shortage. Due to the semiconductor shortage,  GM announced additional down...

BMW Group and Ford have expanded their existing agreement to co-develop battery technologies with an additional US$130 million in funding for Solid Power, one of the industry-leading producers of solid-state batteries. The Series B investment is being led by BMW and Ford, alongside Volta Energy Technologies. The automotive giants chose Solid Power for their investments into electrification due to the company’s solid-state battery technology that is said to provide more range, lower costs and ...

Solid-state battery producer Solid Power announced a $130 million investment round led by Ford, BMW, and Volta Energy Technologies today. The two automakers have also expanded their joint venture with the battery manufacturer. The investment comes with a view to preparing Solid Power to produce batteries at a scale and size large enough for automotive applications. “BMW and Ford now share leading positions in the race for solid-state battery-powered electric vehicles,” said Doug Campbell So...

BMW and Ford Invest $130 Million to Secure Solid-State Batteries for Future Electric Vehicles (A Solid Power manufacturing engineer holds two 20 ampere hour all solid-state battery cells for the BMW Group and Ford Motor Company. The 20 ampere hour all solid-state battery cells were produced on Solid Power’s Colorado-based pilot production line. Credit: Solid Power) A recent $130 million Series B investment round for solid-state batteries was led by the BMW Group, Ford Motor Company, and Vol...

Ford Motor Co (F.N) and BMW AG (BMWG.DE) are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable batteries, the companies said on Monday.

View Comments Ford Motor Co. announced Monday it is increasing its investment in a producer of solid-state batteries, yet another move in the automakers push to establish a sustainable supply of the components needed to power a coming wave of electric vehicles. The Dearborn automaker joins German automaker BMW AG in contributing to a $130 million Series B funding round in Solid Power, a Colorado-based battery maker. Ford initially invested in the company in 2019. The latest investments make...