Ford Motor Company and BMW are teaming up on developing solid state batteries. The two OEMs are now equal equity owners of Colorado based Solid Power, after BMW recently increased its stake in the battery firm with a $130 million investment. “Solid-state battery technology is important to the future of electric vehicles, and that’s why we’re investing in it directly as well as accelerating Ford’s in house R&D on next generation battery technology,” said Hau Thai-Tang, Ford’s chief product platform and operations officer regarding the relationship.

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