Hyundai CRADLE is investing in Ionic Materials to advance the development of battery technology and improve EV performance.
July 10, 2018—Hyundai CRADLE, Hyundai Motor Company's corporate venturing and open innovation business, is investing in Ionic Materials, a privately held battery developer based in Massachusetts, to advance the development of battery technology and improve EV performance with solid-state battery innovation.
Ionic Materials is a materials technology company developing advanced materials for high-energy-density batteries that are safer and less expensive than current ones. Using a patented solid polymer material, Ionic Materials enables solid-state batteries that are inherently safe, affordable, high in energy density and operational at room temperature. The properties of Ionic Materials' polymer electrolyte also support lithium-ion cells with little to no cobalt in their cathodes.
Expected Benefits of Solid-State Batteries:
Inherent Safety: Eliminates safety issues with liquid electrolytes
Higher Performance: Enables higher energy anodes and cathodes
Lower Cost: Reduces battery cost through less expensive chemistries and manufacturing
Further advancements made possible by Ionic Materials' polymer will support additional high-energy and eco-friendly battery chemistries, including lithium metal, lithium sulfur and inexpensive and low-cost rechargeable alkaline batteries.
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