As most major players and many new startups venture into the world of electric vehicles EVs, many are racing to develop a solid-state battery that could vastly improve performance and safety. Companies worldwide are investing heavily in the technology needed to develop this type of battery in the hope they will be able to offer the EV with the most efficient battery on the market.
Producers also worry about the production costs involved with solid-state batteries and how much consumers will be willing to pay for vehicles using the new technology. These types of batteries are in the nascent stage of production and are likely to appeal to a niche market upon their initial release. The small production means that costs will likely be elevated.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: