Ford and BMW Invest $130 Million in Solid-State EV Battery Development

Ford and BMW Invest $130 Million in Solid-State EV Battery Development

Ford and BMW are leading a $130 million investment in EV battery start-up Solid Power, the companies announced Monday. Solid Power makes solid-state batteries, which don’t use the liquid electrolyte found in the lithium-ion batteries used to power most electric vehicles. 

Why This Matters:  Car companies have long been allies of the fossil fuel industry. Now they are pivoting and expanding into EVs, not only pledging to reduce emissions but to go fully electric in coming decades.

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Future of EV Batteries from CA’s Salton Sea and the Shores of Lake MI

Future of EV Batteries from CA’s Salton Sea and the Shores of Lake MI

New electric vehicle battery capacity is cropping up across the U.S. — places like the Hell’s Kitchen Lithium and Power in California’s Imperial Valley where they are extracting lithium from the Salton Sea, and Ion Park, a “pilot facility” where Ford Motors will eventually produce batteries.

Why This Matters:  With EV sales expected to increase, particularly given the Biden Administration’s emphasis on their development, lithium is in such high demand that experts refer to it as “white gold.

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