In November 2023, Solid Power announced that it had produced the first batch of solid-state battery A samples and delivered them to BMW, and according to the schedule, Solid Power will achieve mass production of all-solid-state batteries by 2030.
The development of solid-state batteries focuses on creating a next-generation battery with higher energy density, fast charging capability, lower cost, and greater safety. Solid-state batteries have potential applications across various industries, including automotive, consumer electronics, industrial, and aerospace.
Several companies, including Volkswagen, plan to launch EVs with solid-state batteries around about 2025. Based on the achievement of technology milestones and growing supply chain collaborations, Yole Développement expects that commercialization of solid-state batteries will start around 2025.
The lithium-ion batteries that we rely on in our phones, laptops and electric cars have a liquid electrolyte, through which ions flow in one direction to charge the battery and the other direction when it is being drained. Solid-state batteries, as the name suggests, replace this liquid with a solid material.
Both researchers and electric car manufacturers consider solid-state batteries to be the super battery of the future. Most recently, Toyota has announced that they expect to launch an electric car with a lithium solid-state battery in 2027-28.
The bulk solid-state battery market is expected to represent about 2.36 GWh by 2027 with significant growth expected after this period according to Yole Développement.