Today's lithium-ion battery technology is miles ahead of where we were with electric cars even just a few years ago. The 2011 Nissan Leaf managed just 73 miles versus 151 for the 2018 model, for example. But they're still heavy, expensive and prone to . Solid-state battery technology could solve all of those problems, and Volkswagen is positioning itself to win the race to market with a major investment.
On Thursday, Volkswagen announced a $100 million investment in the battery technology firm, originally a spinoff of Stanford University. With this investment, the two companies have formed a joint venture with the goal of bringing solid-state battery tech to market at scale by 2025.
"A solid-state battery would increase the range of the E-Golf to approximately 750 kilometers compared with the present 300 kilometers," said a Volkswagen representative in a statement to Green Tech Media. "This battery technology has further advantages over the present lithium-ion technology: higher energy density, enhanced safety, better fast charging capability and -- above all -- they take up significantly less space."
By 2030, the Volkswagen Group -- which includes brands such as Porsche, Bugatti, Seat, Skoda and Audi -- plans to offer an electric version of each of its 300 current models and solid-state batteries would enable those vehicles to go further with smaller, lighter and more affordable batteries.
vacuum cleaners, has also committed to building an electric vehicle with solid-state batteries. The revived Fisker (best known for ) might be the boldest of all, with a promise to launch a $40,000 EV with its own solid-state batteries by 2020. The race is most definitely on.and have also invested heavily in the tech, while , best known for making expensive