Chemistry: Solid State

Key Trends Of The Current State Of The Solid-State Battery Industry OEM RACE Almost all the automotive OEMs are actively participating in the solid-state battery race with varying strategies:

In-house research in SSB (e.g. Toyota)

Strategic partnerships with SSB companies (e.g. Nio with WeLion)

Direct investments in one (e.g. BMW, Ford, Stellantis) or multiple SSB companies (e.g. Mercedes, Hyundai, Kia)

Publicly disclosed mixed strategy, combining in-house development with investments in other companies (e.g. Honda)

Source: Company Announcements and News Reports,Battery Report 2023 (pg 158165

TECHNOLOGY

TIMELINES

There is no consensus on the electrolyte to be used, although polymers have achieved the highest level of maturity. Significantly, there is a growing trend towards employing semi-solid polymer electrolytes to enhance workability with the cathode

The majority of startups in this sector were founded between 2010 and 2016 and are now either public or in the late stages of investments

Several companies have recently announced pilot scale lines opening in January 2025 (e.g. Hyundai/SESAI, Honda)

Notably, there is a substantial focus on Sulfide SSBs in the Asia-Pacific region

The Start of Production SOP) for most players is forecasted or announced to be between 2025 and 2030

Extracted from the PDF; charts and images may read imperfectly.