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Ford Increases Equity Investment in Solid Power Photo: Ford Ford Motor Company last week increased its investment in Solid Power, a manufacturer of solid-state batteries for electric vehicles. Leading a $130 million Series B funding round, Ford and BMW Group become equal equity owners in the company with the shared goal of lowering EV costs. As Ford Chief Product Platform and Operations Officer Hau Thai-Tang notes, solid-state batteries are crucial to the continued development of EVs. Ford is pumping $22 billion into global electric vehicle production through 2025 as it pushes toward a zero-emissions lineup and carbon neutrality in manufacturing. “Leveraging the speed of a startup and the expertise of some of the most seasoned battery experts in the world at Ford, we’re exploring different ways to power tomorrow’s fun-to-drive all-electric vehicles, using proven development and manufacturing processes,” said Thai-Tang. ....