Battery development is key to the growth of the electric car industry. For this, car manufacturers are investing a lot of resources in research. Among the long-term objectives, also that of getting to have solid state batteries which on paper should make it possible to solve many of the current criticalities of electric vehicles. BMW and Ford they announced they had it again investito in Solid Power, a startup that deals precisely with developing this technology.
The two automakers led a new $ 130 million (€ 108 million) round of financing in which other energy companies such as Volta Energy Technologies also participated. This new liquidity will allow the startup to be able to accelerate its research, development and production of the new generation cells it is working on. BMW and Ford also have extended collaboration with this young company.
The two manufacturers wanted to underline the results already obtained by the startup so far and the importance of solid state technology for future generation electric cars. In addition, they said the company has already delivered hundreds of 20 Ah cells from a pilot production line to them late last year. Now, car manufacturers will receive from Solid Power that of 100 Ah which will be used for carry out integration tests in cars starting next year.
However, it will take a long time to see vehicles equipped with this technology on the road. BMW recently had already highlighted the goal of wanting to present a first prototype by 2025. In series production, solid state batteries will be integrated, according to the German brand, by 2030. BMW and Ford are, therefore, following the path of Volkswagen which invested in QuantumScape. Toyota is also working on this technology with its partners. The goal is to show a first model by 2025.
It will be very interesting to follow the evolution of the development of solid state batteries. For the moment there are many announcements and some prototypes but the problems to be solved they still seem a lot.