Related news claimsHyundai plans to invest in the production of all-solid-state battery components, which will enable electric vehicles to have faster charging efficiency and longer discharge range, while also being able to store and discharge energy with higher energy density.
Hyundai Motor has invested US$73 billion since last year to invest in innovative research and development of electric vehicle battery technology for the next 10 years.
Hyundai Motor is currently developing battery designs including the commonly used lithium iron phosphate (LiFePO4) battery, ternary lithium battery, and all-solid-state battery, each catering to different battery usage requirements. In the future, Hyundai Motor expects to invest more development resources in all-solid-state batteries.
According to current plans, Hyundai Motor expects to begin testing electric vehicles equipped with all-solid-state batteries in 2025, and is expected to enter full mass production before 2030.
In addition to Hyundai, other automakers, including Honda, have also begun investing in the development of all-solid-state battery applications. Mercedes-Benz has also partnered with Factorial Energy. Its all-solid-state battery, called "Solstice," has a capacity of 40Ah and an energy storage density of 450Wh/kg. Factorial Energy plans to increase the battery life of electric vehicles by 80%, allowing them to travel over 600 miles, or more than 965.61 kilometers.
