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 G...