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Ilika plc

Solid-State Batteries for EVs: The Key to Long-Distance Driving?

Seems like everyone is getting into the race to build electric vehicles. This past February, James Dyson made the decision to build more than just high-precision vacuums and fans and instead focus on electric vehicles (EVs). Dyson plans to construct three EVs by 2020, the Financial Times reported, with an estimated $2.8 billion project. Much like Elon Musk, Dyson looks to shake up the EV market by using solid-state batteries instead of the lithium-ion versions.

According to the Financial Times, the trio of cars would be non-sports car high-end models which would scale in production aimed toward the mass market. The vehicles will be constructed out of light materials just like the BMW i3 EV carbon fiber body. The key is the solid-state battery which, theoretically speaking, will be able to hold more of a charge compared to lithium-ion batteries.

Ilika plc (LON:IKA) is a pioneer in materials innovation and has been inventing new materials for energy and electronics applications for over a decade. Global brands such as Rolls Royce and Toyota have long term collaborations with Ilika’s development teams.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.