German automaker Volkswagen Group has signed a strategic partnership with lithium-ion battery cell manufacturer 24M Technologies to develop SemiSolid battery cells, which will be used in Volkswagen’s EVs.
Volkswagen will leverage 24M’s SemiSolid platform to develop its next-generation lithium-ion EV batteries.
As part of this strategic partnership, the automaker will make a strategic investment in 24M and establish a wholly-owned subsidiary, which will work with 24M to develop the SemiSolid battery cell production technology.
“Together, we will approach key parts of the battery value chain and develop cutting-edge technologies,” said Thomas Schmall, Member of the Board of Management of Volkswagen Group for Technology and CEO of Volkswagen Group
The SemiSolid platform can be deployed immediately.
24M President and CEO Naoki Ota said, “The 24M mission is to develop a better, cleaner energy future powered by SemiSolid technology. Our relationship with Volkswagen significantly expands the 24M ecosystem. Their investment, collaborative development and ability to scale globally will accelerate the SemiSolid manufacturing platform to replace the conventional manufacturing process and fast track electric vehicle adoption.”