big johnny hell
1 year ago
sec 8-k as of 07/05/23
"On June 30, 2023, Solid Power Operating, Inc., a wholly owned subsidiary of Solid Power, Inc. (collectively, the βCompanyβ), and Ford Motor Company (βFordβ) entered into a Second Amendment to Joint Development Agreement, dated June 30, 2023 (the βSecond Amendmentβ). The Company and Ford previously entered into a Joint Development Agreement, dated December 28, 2018 (as modified on May 5, 2021, the βJDAβ). Pursuant to the terms of the Second Amendment, the Company and Ford agreed to (i) extend the term of the JDA to December 31, 2024 and (ii) revise the schedule for the Company to deliver cells and electrolyte to Ford during the term of the JDA."
pauly3
3 years ago
Solid Power EV Battery Line to Ramp Up to 300 Cells a Week
Source: Dow Jones News
By Chris Wack
Solid Power Inc. on Monday said it completed installation of its electric-vehicle battery pilot production line designed to produce EV-scale solid-state cells.
The company, which makes battery cells for electric vehicles, has partnerships with BMW and Ford Motor.
Solid Power said it plans to produce silicon EV cells for internal testing before delivering cells to its automotive partners to begin automotive qualification testing, which is planned for the end of the year. The cells are designed to power longer-range electric vehicles.
"The installation of this EV cell pilot line will allow us to produce EV-scale cells suitable for initiating the formal automotive qualification process," Solid Power Chief Executive Doug Campbell said.
When running at full capacity, Solid Power's EV cell pilot line is expected to be capable of producing 300 cells per week, or 15,000 cells per year, with the majority of those planned for automotive qualification testing.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 06, 2022 11:00 ET (15:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.