Samsung, BMW, and Solid Power Join Forces to Bring Next-Generation EV Batteries to Market

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Samsung, BMW, and Solid Power Join Forces to Bring Next-Generation EV Batteries to Market

Bitget-RWA2025/10/31 12:14

By:Bitget-RWA

- Solid Power, Samsung SDI, and BMW partner to commercialize all-solid-state EV batteries, offering higher energy density, safety, and longer ranges than lithium-ion. - Solid Power supplies sulfide electrolyte to Samsung SDI for BMW cell testing, combining expertise in materials, manufacturing, and automotive integration. - The collaboration drove Solid Power's shares up over 20% post-announcement, reflecting growing EV battery competition and prior stock volatility. - Industry trends highlight safer energ

Shares of Solid Power (NASDAQ:SLDP) jumped more than 20% in after-hours trading on Thursday following news of a strategic partnership with Samsung SDI and BMW Group to push forward all-solid-state battery (ASSB) technology for electric vehicles. The collaboration, revealed by the companies and covered by

The Korea Herald

, represents a crucial move toward bringing this advanced battery technology to market, offering greater energy density, enhanced safety, and extended driving range compared to standard lithium-ion batteries.

According to the deal,

Solid Power

will provide its sulfide-based solid electrolyte to Samsung SDI, which will use the material in battery cells to be tested by BMW. These cells will undergo performance assessments and be considered for use in a demonstration vehicle. Since 2009, BMW has worked closely with Samsung SDI and described the new partnership as a "major momentum" boost for its battery innovation, as reported by The Korea Herald. John Van Scoter, CEO of Solid Power, told

Investing.com

that the alliance is designed to accelerate the adoption of ASSB technology by combining the partners' strengths in materials science, battery production, and automotive engineering. The joint effort by Samsung SDI and BMW to validate ASSBs was also highlighted by

The Korea Times

Samsung, BMW, and Solid Power Join Forces to Bring Next-Generation EV Batteries to Market image 0

This partnership fits into a wider industry movement toward safer and more efficient energy storage. All-solid-state batteries use solid electrolytes instead of flammable liquids, lowering the risk of thermal runaway and allowing for lighter, more compact battery designs. Go Joo-young, Executive Vice President at Samsung SDI, said the company intends to "lead the way in commercializing ASSB" through global partnerships, according to The Korea Herald. Martin Schuster, Vice President at BMW, noted that the collaboration highlights BMW's dedication to providing customers with the latest battery innovations, as reported by

Morningstar

The market responded positively to the news, with retail investors on platforms such as

Stocktwits

calling the agreement "massive" and forecasting additional gains for Solid Power's stock. Earlier in the week, the stock had experienced volatility, including a 7.4% decline due to mixed analyst opinions and missed earnings, as noted by

MarketBeat

. Over the past year, Solid Power's shares have soared 345%, according to InvestingPro, as the company continues to develop its electrolyte-centered business strategy.

This collaboration also highlights the intensifying global race in the EV battery industry. SK On, a Samsung affiliate, recently revealed it has set up a solid-state battery pilot line with Solid Power, as reported by

The Elec

. Meanwhile, competitors like QuantumScape are also growing their partnerships, such as expanding their agreement with Volkswagen's PowerCo to speed up the commercialization of solid-state batteries, according to a

Business Wire release

Solid Power is set to announce its third-quarter 2025 financial results on November 4, which could shed more light on the financial impact of this partnership, according to a

Business Wire announcement

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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