Automaker Mercedes-Benz Is Investing Millions Of Euros In Technology To Produce Its Own Solid-State Batteries

Written by Roberta Souza

Published on 04/02/2022 at 17:33

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Mercedes-Benz Will Invest Millions of Euros in Partnership with a Company from Taiwan for Solid-State Battery Manufacturing

Mercedes-Benz has signed a technological cooperation agreement with ProLogium, a manufacturer based in Taiwan, aiming to develop solid-state batteries. The German company will invest tens of millions of euros in Taiwanese technology and, consequently, will also acquire the right to a seat on the company’s board of directors.

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According to the statement released by Mercedes-Benz, the goal motivating the investment is to enable the technological development of ProLogium so that it can have production capacity in Europe. The expectation is to soon launch test vehicles from Mercedes-Benz equipped with solid-state batteries co-developed with the Asian company.

The official statement from Mercedes-Benz released on Thursday, January 27, also stated that “The companies agreed on the reference milestones that would enable the integration of solid-state battery technology into a range of passenger vehicles in the second half of the decade.”

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Investment in Technology Also for Electric Cars

Solid-state batteries, which are becoming a priority in Mercedes-Benz’s production chain, are seen as a potential game-changer in the development of electric cars. By utilizing thin layers of solid electrolytes that transport lithium ions between electrodes, these batteries can store more energy and charge more efficiently compared to the batteries currently available in the market, which rely on liquid electrolytes.

Markus Schäfer, a member of Mercedes-Benz’s board, stated that the German automaker considers autonomy and efficiency as key pieces for the new electric car industry. The executive also explained what motivated Mercedes-Benz’s partnership with the Taiwanese company, aiming to open new opportunities in the automobile segment, as “Solid-state technology helps reduce the size and weight of the battery.”

In addition to Mercedes-Benz, other vehicle manufacturers are also already looking to invest in solid-state batteries. Earlier this year, Toyota announced that it intends to develop a car with this type of battery by 2025. Meanwhile, automakers Hyundai and Kia have publicly announced their partnership with Factorial Energy, a company that also partners with Mercedes-Benz, focusing on the development of a solid-state battery.

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The Chinese automobile company Great Wall Motors announced that it will start its operations in Brazil. With the arrival of the new brand, there will also be an investment of over R$ 10 billion, in addition to the production of its own electric cars. Although it has already released its ambitious plans, the manufacturer has not announced any specific product yet, but has revealed that it will have a portfolio comprising hybrid, plug-in hybrid, and electric models. Check out the full article by clicking here.

Automaker Mercedes-Benz Is Investing Millions Of Euros In Technology To Produce Its Own Solid-State Batteries

Mercedes-Benz Will Invest Millions of Euros in Partnership with a Company from Taiwan for Solid-State Battery Manufacturing

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Automaker Mercedes-Benz Is Investing Millions Of Euros In Technology To Produce Its Own Solid-State Batteries

Mercedes-Benz Will Invest Millions of Euros in Partnership with a Company from Taiwan for Solid-State Battery Manufacturing

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