U.S. battery specialist Solid Power has now entered into a partnership with Ford to develop solid state batteries for next generation electric vehicles. The company had also entered into a similar cooperation with BMW at the end of 2017.
Ford’s investment is intended to help Solid Power put its first fully automated production facility into operation in the second quarter of this year and to further tailor solid state batteries to the automotive sector. The company’s investors include Hyundai and Samsung. In September 2018, Solid Power raised $20 million in a financing round, according to its own figures. The battery specialist was established in 2012 as a spin-off from the University of Colorado Boulder.
“Solid-state battery technology has the potential to help us deliver electric vehicles that are even safer and more capable,” says Ford CTO Ken Washington. “Our involvement with Solid Power enables us to further collaborate in an important emerging technology that could truly transform the design and integration of smart electric vehicles into tomorrow’s smart world.”