Hyundai investing in cobalt-free solid-state batteries
Hyundai joins Renault-Nissan-Mitsubishi and A123 Systems in their investment into Ionic Materials. The American startup is working on colbalt-free materials for solid-state batteries.
Ionic Materials is using a patented solid polymer material, that first convinced Renault-Nissan-Mitsubishi and also battery maker A123 Systems to invest.
Hyundai has joined the circle of supporters though their CRADLE subsidiary but failed to disclose the sum of the investment.
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