Along with the investment, $BMW PRF(0O0V.UK)$ BMW and $Ford(F)$ expanded existing joint development agreements with $Decarbonization Plus Acquisition Corporation III(DCRC)$ Solid Power to secure all solid-state batteries for future electric vehicles.
They wrote in a press release: "The investment positions Solid Power to produce full-scale automotive batteries, increase associated material output and expand in-house production capabilities for future vehicle integration.
The BMW Group and Ford aim to utilize Solid Power’s low-cost, high-energy all solid-state battery technology in forthcoming electric vehicles."
$Quantumscape Corp.(QS)$ $Microvast Holdings, Inc.(MVST)$ $Tesla Motors(TSLA)$
$NIO Inc.(NIO)$ $XPeng Inc.(XPEV)$ $Romeo Power, Inc.(RMO)$
$Lordstown Motors Corp.(RIDE)$ $FS KKR Capital Corp II(FSKR)$
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