BMW will assist in advancing Solid Power's next-generation, solid-state batteries for use electric vehicles, to achieve performance levels required for high-performance EVs.

The Louisville, Colorado-based startup was founded in 2012, and just recently received support from A123 Systems, who invested in Solid Power to advance the ongoing development of the company’s cell manufacturing strategy.

Terms of both deals, with A123 Systems and BMW, were not disclosed.

Solid Power describes its technology as breakthrough, but it didn't provide any numbers:

"Our technology is based on combining an exceptionally high capacity cathode with a high capacity lithium metal anode and in combination with a high ionic conductivity solid separator. Our battery materials are 100-pecent inorganic and possess no flammable or volatile components. Our batteries provide substantially higher energy than conventional lithium ion (2-3X greater) while also enabling lower cost systems due to the potential for eliminating many of the costly safety features typically associated with lithium-ion systems."

Separately, BMW is working on the Battery Cell Competence Centre that will be ready in early 2019. The new facility will enable BMW to produce any battery cells, modules and pack and could become valuable business proposition for startups like Solid Power.

Source: Reuters