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...
Source: carscoops.com