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.
