#Ford is betting that solid-state batteries will cut EV costs

DETROIT — Ford has raised its stake in a manufacturer of solid-state batteries — a move that its chief product and operations officer, Hau Thai-Tang, says will strengthen the company’s effort to increase the range and reduce the costs of its next generation of electric vehicles.

Ford, along with BMW, this week announced their investment in a $130 million funding round for Solid Power, a Denver-area company that is developing sulfide solid-state battery technology.

Read more at: https://www.startribune.com/ford-is-betting-that-solid-state-batteries-will-cut-ev-costs/600053821/?refresh=true

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