Hyundai Invests In Solid-State Battery Company Ionic Materials

JUL 10 2018 BY MARK KANE 15

Hyundai CRADLE, the corporate venturing and open innovation business arm of Hyundai Motor Company, is investing in the solid-state battery start-up Ionic Materials

The press release doesn’t contain details or amount invested, but Hyundai is calling the move a strategic investment.

The South Korean manufacturer is not the only one who is looking for promising solid polymer electrolyte technology, as recently Ionic Materials raised $65 million and attracted investment from Alliance Ventures (venture arm of Renault-Nissan-Mitsubishi Alliance).

“Ionic Materials is a materials technology company developing advanced materials for high-energy-density batteries that are safer and less expensive than current ones. Using a patented solid polymer material, Ionic Materials enables solid-state batteries that are inherently safe, affordable, high in energy density and operational at room temperature. The special properties of Ionic Materials’ polymer electrolyte also support lithium-ion cells with little to no cobalt in their cathodes.

Expected Benefits of Solid-State Batteries:

  • Inherent Safety: Eliminates safety issues with liquid electrolytes
  • Higher Performance: Enables higher energy anodes and cathodes
  • Lower Cost: Reduces battery cost through less expensive chemistries and manufacturing”

“Further advancements made possible by Ionic Materials’ polymer will support additional high-energy and eco-friendly battery chemistries, including lithium metal, lithium sulfur and inexpensive and low-cost rechargeable alkaline batteries.”

Hyundai CRADLE Partners with Ionic Materials to Advance Battery Technology Development

John Suh, vice president of Hyundai CRADLE said:

“Ionic Materials’ breakthrough technology could significantly improve battery technology today. We are always looking for ways to ensure our cars provide the highest level of clean and efficient solutions. Our investment in Ionic Materials will keep us at the forefront of battery development, allowing us to build better eco-friendly vehicles.”

Mike Zimmerman, founder and CEO of Ionic Materials said:

“The investment by Hyundai represents another key company milestone and demonstrates our rapid momentum as we develop polymer-based materials for solid-state batteries. With the ongoing help of our investment partners, we have expanded our facilities and are adding to our team to meet the ever-growing demand for this technology.”

Categories: Battery Tech, Hyundai

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15 Comments on "Hyundai Invests In Solid-State Battery Company Ionic Materials"

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Nozuka

It’s crazy how many solid state battery companies there are… and it’s still taking forever

earl colby pottinger

Making a solid state battery is one thing, making a design that can be mass produced is something else.

lamata

Making one that actually works and that can be mass produced is another thing ..

Mart Shearer

Like fusion — huge amounts of money invested does not guarantee success.

G2

Hope JB is keeping up with this side of the business.

antrik

Probably. They claim they keep tabs on literally hundreds of battery technology companies…

Gbur

All-solid-state, in short ASS.
Sorry, the videos posted on the website are defying laws of physics. Cutting through a charged cell has to create a short and show at least a little spark or something. I could take any fully discharged (or fresh, never charged, out of production) cell and do the same. For extra fun install a small, real li-ion cell inside to provide the power for an iPad. BTW, how convincing – two wires going into the tablet, no guarding electronics signal. Seems legit.

Your Dad

And you think that Hyundai didn’t notice this, but you did?

Pushmi-Pullyu

For some strange reason, I seriously doubt your expertise on batteries exceeds that of those working at or with Ionic Materials.

(⌐■_■) Trollnonymous

A lot of talk about the batteries. I believe it when I see a car using them to go 200+ miles AER with the specs they claim.

Terawatt

Now that I’ve signed to buy the KONA, I’m not sure I want solid state to arrive anytime soon. It’ll play havoc with second-hand value…

But it matters so little what I want.

It seems the manufacturers see solid state batteries as a real possibility – at least enough so that they don’t want to risk being completely outside of it.

2025 maybe..?

antrik

EV technology is progressing fast — no matter whether it’s solid state or other improvements, batteries in 2025 will make today’s look old…

lamata

I think Tesla Has something Already ..And is keeping a lid on it…

G2

This company was part of a NOVA documentary last year (Search for the Super Battery- now on Netflix) and they show a lot of abuse to their battery and it continues to function without thermal runaway.
The primary guy was looking to conduct more research into scaling up. Glad he has funding now.

Pushmi-Pullyu

Ionic Materials is the one solid state battery startup which has been willing to allow a filmed documentary of a lab demo of their battery, for the PBS documentary series “Nova”.

That has me rather excited about their chances, perhaps more than they deserve considering how many companies and university research teams are competing to commercialize this tech. But it’s great to see Ionic get a source of (apparently) solid funding from a major auto maker!

https://www.youtube.com/watch?v=m9-cNNYb1Ik