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BMW and Ford lead $130m investment in solid-state battery startup

Automakers to start receiving test-produced cells in 2022 in cutthroat EV race

BMW aims to bring vehicles powered by all-solid-state batteries to market by 2030.   © Reuters

FRANKFURT -- BMW Group and Ford Motor are leading a $130 million investment in U.S. all-solid-state battery startup Solid Power amid an intensifying global race to commercialize the more powerful next-generation batteries.

Solid Power plans to start manufacturing 100 ampere-hour batteries that can be used to power electric vehicles on a pilot production line in 2022, to be supplied to BMW and Ford for testing purposes beginning that year, according to a Monday release by the companies. It already produces 20 Ah all-solid-state batteries.

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