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Page 7 - வோல்டா ஆற்றல் தொழில்நுட்பங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Brief: VC for African entrepreneurs, decarbonizing cement, solid-state batteries, grading Biden s first 100 days, ESG policy shifts

The Brief: VC for African entrepreneurs, decarbonizing cement, solid-state batteries, grading Biden s first 100 days, ESG policy shifts
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BMW & Ford co-developing solid-state EV battery tech

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 is considerably safer than existing lithium-ion battery technology. Solid Power says that both BMW Group and Ford have validated their proof of concept after the company delivered hundreds of production-line-produced solid-state battery cells.

Exclusive: Ford, BMW lead $130 million investing round in solid-state battery startup

Exclusive: Ford, BMW lead $130 million investing round in solid-state battery startup
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

BMW, Ford, And Others Invest $130 Million In Solid-State Battery Company

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 Solid Power CEO. “Solid Power now plans to begin producing automotive-scale batteries on the company’s pilot production line in early 2022 as a result of our partners’ continued commitment to Solid Power’s commercialization efforts.”

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