EV Battery Startup Developing 'Innovative' Solid State Battery
June 8, 2022—Solid Power, an EV battery startup backed by Ford and BMW, has started production of an "innovative" solid state battery that should offer longer ranges and shorter charge times.
The company is working on a solid state battery specifically because those don't require any of the liquid or gel electrolyte used in lithium-ion batteries. That, according to a report from CNBC, would theoretically give EVs a battery with longer range, shorter charging times and a significantly reduced risk of fire.
Solid Power says its batteries will be able to be developed using already-existing technology in lithium-ion battery plants, a huge advantage over other solid state battery developers that need specialized factories.
CEO Doug Campbell told CNBC his company is planning to ship prototype batteries to Ford and BMW for testing by the end of the year. If all goes well, the report says the automakers could sign off on mass production sometime in 2024.