![]() Solid Power CEO Doug Campbell told Autoweek that his company is seeing very good results from liquid-free 22-layer sulfide-based cells. “We haven’t said much about future battery technology,” said spokesman Phil Lienert.įord and Hyundai have investments in Solid Power, a Colorado-based solid-state company. By mid-decade, GM expects to have cells that will cost 60% less than today’s batteries, with twice the energy density. ![]() General Motors has also worked on solid-state batteries, but isn’t being specific about its research, instead pointing to advances with its conventional Ultium batteries. We are accelerating development aiming for commercialization by the first half of the 2020s.”īuilding a solid-state battery for real-world applications is hard. “We are currently working on the research and development, including the production technology of solid-state batteries, and we have achieved ultra-small battery electric vehicle driving. “Next-generation batteries, such as solid-state and metal-air batteries, are safer and demonstrate higher performance than lithium-ion batteries,” said Ed Hellwig, Toyota Motor North America safety and quality communications manager. Toyota confirmed its solid-state plans, but was a little more cautious about the timetable. The world’s largest automaker will unveil a prototype next year.” reported in December, “Toyota plans to be the first company to sell an electric vehicle equipped with a solid-state battery in the early 2020s. “It read like it was written by someone who didn’t know anything about batteries.” Singh is passionate that his approach, using a ceramic solid-state separator, will succeed where others have failed.Ĭlearly, auto companies would love to have viable solid-state batteries, and some are reportedly further along than others. “The Seeking Alpha story had no merit,” he said. In an interview, QuantumScape founder and CEO Jagdeep Singh said the company did not misrepresent its technology. Volkswagen has invested more than $300 million in QuantumScape. 4 report published on Seeking Alpha, a crowd-sourced content service for financial markets, saying that QuantumScape’s batteries “are small and unproven” (smaller than an iWatch battery) “and never tested outside a lab.” Said the report, “They will likely never achieve the performance they claim.” Two things sent the company stock in a downward trajectory. It hopes to commercialize its cells by 2024. “This corresponds to over 300,000 miles for a 300-mile battery pack and over 500,000 miles for a 500-mile battery pack,” the company said in a tweet. The company said it had created fire-resistant test batteries that continue to function after 1,100 cycles, retaining at least 80% of its capacity. QuantumScape, a California-based 2010 spinoff from Stanford University that has a joint venture with Volkswagen Group ( which invested more than $300 million), said in January that it is indeed making great strides toward commercializing the cells. ![]() The company hopes to commercialize its cells by 2024. Companies are mostly working on them at the cell level-the battery packs for cars are far from ready. But the stock exuberance hides the fact that getting solid-state batteries to the market is difficult and will take some time. These batteries can be lighter, with greater energy density, more range, lower cost, and faster recharge times. They do away with the liquid electrolyte that makes conventional lithium-ion batteries heavy, as well as dangerous at high temperatures. Solid-state batteries show enormous promise. What happened? First, let’s define our terms. An investor group filed a class-action suit against the company. But then shares plunged 60% from the high, “with the trajectory resembling a free fall,” said. Media reports gushed that the startup was rivaling Tesla and had launched one of the most valuable stocks in the auto industry. 27, and it promptly soared into the stratosphere-up 256% in less than a month. The solid-state battery company QuantumScape debuted its stock last Nov. Solid-state batteries may find their way into cars by the latter part of the 2020s, but it may initially be as a showcase for the technology-and at a significantly higher price than lithium-ion. ![]() Volkswagen, Toyota, General Motors, Hyundai, and Ford all have significant investments in solid-state battery technology companies.Automakers would love to have viable solid-state batteries, and while some are reportedly further along than others, battery packs for cars are far from ready.
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