Samsung, BMW, and Solid Power Join Forces to Bring Next-Generation EV Batteries to Market
- Solid Power, Samsung SDI, and BMW partner to commercialize all-solid-state EV batteries, offering higher energy density, safety, and longer ranges than lithium-ion. - Solid Power supplies sulfide electrolyte to Samsung SDI for BMW cell testing, combining expertise in materials, manufacturing, and automotive integration. - The collaboration drove Solid Power's shares up over 20% post-announcement, reflecting growing EV battery competition and prior stock volatility. - Industry trends highlight safer energ
Shares of Solid Power (NASDAQ:SLDP) jumped more than 20% in after-hours trading on Thursday following news of a strategic partnership with Samsung SDI and BMW Group to push forward all-solid-state battery (ASSB) technology for electric vehicles. The collaboration, revealed by the companies and covered by
According to the deal,
This partnership fits into a wider industry movement toward safer and more efficient energy storage. All-solid-state batteries use solid electrolytes instead of flammable liquids, lowering the risk of thermal runaway and allowing for lighter, more compact battery designs. Go Joo-young, Executive Vice President at Samsung SDI, said the company intends to "lead the way in commercializing ASSB" through global partnerships, according to The Korea Herald. Martin Schuster, Vice President at BMW, noted that the collaboration highlights BMW's dedication to providing customers with the latest battery innovations, as reported by
The market responded positively to the news, with retail investors on platforms such as
This collaboration also highlights the intensifying global race in the EV battery industry. SK On, a Samsung affiliate, recently revealed it has set up a solid-state battery pilot line with Solid Power, as reported by
Solid Power is set to announce its third-quarter 2025 financial results on November 4, which could shed more light on the financial impact of this partnership, according to a
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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