Connect with us

Hi, what are you looking for?

CleanTechnica

Batteries

Hyundai Investing In US Solid-State Battery Company

Hyundai has made an investment in Ioniq Materials, a US company that says it has created new solid-state battery technology that will make future batteries safer, more powerful, and less costly.

Last year, Hyundai announced that it was charting its own course when it comes to developing solid-state battery technology. Rather than relying on its traditional battery partners, Samsung SDI and LG Chem, it had its own people doing the basic research. “Hyundai is developing solid-state batteries through its Namyang R&D Center’s battery precedence development team and it has secured a certain level of technology,” a source within Hyundai told The Korea Herald.

Hyundai Kona

What makes this story interesting is that German automakers seem to have taken the opposite tack to get to the future. They all thought about creating their own battery technology and building their own batteries but have elected instead to let the battery manufacturers do the heavy lifting. They will be content to simply be customers. That approach has led companies like China’s Contemporary Amperex Technologies, Ltd. to build new battery factories in Germany.

Solid-state batteries are the Holy Grail of battery researchers around the world. CleanTechnica readers sometimes tire of all the stories about new breakthroughs in battery technology — it seems like there is at least one every week — but that is only because there is so much news to report about. Solid-state batteries will be cheaper to manufacture and have higher energy storage capacity than conventional lithium ion batteries. Both factors will hasten the day when EVs cost the same or less than cars with internal combustion engines. They also are far less prone to explosion and fire — an important advance in safety.

Now comes news from AutoBlog that Hyundai has invested in Ionic Materials, a company based in Woburn, Massachusetts, that says it has made significant progress in developing solid-state battery technology. Ionic Materials is headed by Michael Zimmerman and lists Bill Joy as one of the members of its board of directors. In February of this year, Joy invested $65 million in the company.

On its website, the company says, “Ionic’s polymer electrolyte represents a major breakthrough in battery technology. By enabling the creation of batteries that are safer, cheaper, and higher performance than the current state-of-the-art, Ionic’s polymer electrolyte shatters the traditional battery design paradigm, under which safety, cost, and performance must generally be traded off against one another. We are excited to bring this technology to market with core partners in the battery industry.” The company says the polymer it has created is the first in the world to conduct electrons at room temperature.

solid state battery

According to The Korea Times, Hyundai expects to have its first cars with solid-state batteries on the road by 2025. Since it takes most companies about 5 years to design a new car, get their supply chain in place, and start production, the thinking is that Hyundai will need to at least have production prototypes of its new solid-state battery available by 2020 in order to get the process started. Exciting times ahead if we can be patient enough to wait for all these new technologies to come to market. Not that we have much choice.

 
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:



I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Advertisement
 
Written By

Steve writes about the interface between technology and sustainability from his home in Florida or anywhere else The Force may lead him. He is proud to be "woke" and doesn't really give a damn why the glass broke. He believes passionately in what Socrates said 3000 years ago: "The secret to change is to focus all of your energy not on fighting the old but on building the new."

Comments

You May Also Like

Cars

13,354 vehicles were registered in May in New Zealand. Of these, 1,219 were brand new battery electric vehicles (BEVs). That means about 9% of...

Cars

Tesla continues to be the best selling brand in Europe, but Volkswagen is recovering Some 197,000 plugin vehicles were registered in April in Europe...

Cars

Hyundai is reclaiming the Cybertruck look with a new hybrid fuel cell version of its iconic 1974 Pony Coupe Concept car.

Batteries

Despite the attacks on ESG investing, Hyundai roars into Georgia with another new fossil-killing electric vehicle battery manufacturing plant.

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.