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DEARBORN (dpa-AFX) - Solid Power, a producer of all-solid-state batteries for electric vehicles, announced the appointment of Ted Miller and Rainer Feurer to its Board. Ted Miller was appointed
Ford And BMW Executives Join Solid Power's Board After Investment May 13, 2021 at 10:07am ET ++ Ted Miller and Rainer Feurer will help the company achieve solid-state mass production. Investing in a company already is proof of trust: nobody puts their money on something they don’t think will pay off. Another evidence of that is putting someone you trust on the board of directors of that company. That’s respectively what Ford and BMW did with Ted Miller and Rainer Feurer, Solid Power’s new board of director members. Miller is Ford’s manager of Electrification S...
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 G...
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...
BMW and Ford pool cash to get an edge on solid-state battery EVs Chris Davies - May 3, 2021, 8:35am CDT Ford and BMW are looking to solid-state batteries for future EVs with more range, lower costs, and more flexible designs, both pumping new investment into battery specialist Solid Power. The deal – which sees the automakers take part in a new $130 million investment round – will give the automakers an early taste of next-gen batteries going into pilot production in 2022. Solid-state batteries are seen by many – not least car companies – as the next big leap forwa...