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Ford Backed Solid Power Expands Partnership With BMW

Ford originally invested in solid-state EV battery maker Solid Power back in 2019, and followed that up with an additional infusion of cash in May 2021. However, it wasn’t alone, as BMW also participated in that $130 million Series B investment round as both automakers look to the future, when solid state batteries – which can be lighter, offer greater energy density, and provide more range and lower cost – become viable for use in automobiles. Since then, Solid Power has ramped up production of its test units, debuted a pilot production line, and partnered with SK Innovation to further its efforts to make solid state batteries viable by 2030. Now, Solid Power has also deepened its partnership with BMW under an expanded Joint Development Agreement.

The broadened relationship agreement grants the BMW Group a research and development license to Solid Power’s all-solid-state cell design and manufacturing know-how, which provides both companies with significant advantages, including conducting complementary cell development and manufacturing activities. However, the agreement but does not include a license to intellectual property related to Solid Power’s electrolyte material.

BMW will also duplicate the EV batter maker’s production lines at its own facilities in Germany – building prototype cells based on its proprietary technology – while employees of both companies will work together to optimize the cell manufacturing processes. As part of this agreement, BMW will also pay Solid Power $20 million through June 2024, subject to achieving certain milestones.

“Expanding our relationship with BMW is further evidence that both companies believe Solid Power is on the right track with its technology development,” said David Jansen, Interim CEO, President and Chair of Solid Power. “I am encouraged by the progress our team continues to make toward achieving our company’s goals. Over the past several months, we began delivering 20 Ah cells to our partners, including BMW, for initial testing and commenced production of our initial EV cells. We look forward to bringing our electrolyte manufacturing facility online and commencing the formal automotive qualification process.”

We’ll have more on the future of Ford’s EV battery development soon, so be sure and subscribe to Ford Authority for around-the-clock Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. Shelley K.

    Please no. Just look up how BMW now makes people pay an additional monthly subscription fee to turn on features like heated seats etc in the owner’s car. BMW will over complicate things.

    Reply
  2. Mike says...

    I agree… BMW is the poster child for why vehicles will never be less expensive despite industry claims to the contrary. Ford is no different as it too seeks to separate you from your wallet and monetize everything they can think of. Ethically run, transparent companies and industries deserve all our support. Greedy, exploitive and manipulative companies deserve to be vilified as the parasites they are. I still wait for the automotive consolidation that looms ever closer due to increasing competition and variety. It will be very interesting to see what FORD morphs into….. because they will not survive as a vehicle manufacturer alone without some major consolidations within the overall industry which is slowly happening now. There will be winners and there will be losers…. and there will be TESLA which is its own drama.

    Reply
  3. Sam

    Problem is that Farley thinks he’s a Bezos or Elon Musk, which he is definitely not. Farley talks a big talk, but can’t even come close to executing, he isn’t smart enough.

    Reply
    1. RWFA

      I am Sam, Sam I am, watch me prove the old saying true one comment at a time:

      “Great minds discuss ideas, average minds discuss events, small minds discuss people.”

      Reply

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