07/10/2018, Menlo Park, CA
- Strategic investment supports Hyundai roadmap to EV innovation
- Ionic Materials uses innovative plain polymer electrolyte record to urge battery reserve and performance
MENLO PARK, Calif., Jul 10, 2018 – Hyundai CRADLE, Hyundai Motor Company’s corporate venturing and open creation business, is investing in Ionic Materials, a secretly hold battery developer formed in Massachusetts, to allege a growth of battery record and urge EV opening with solid-state battery innovation.
Ionic Materials is a materials record association building modernized materials for high-energy-density batteries that are safer and reduction costly than stream ones. Using a law plain polymer material, Ionic Materials enables solid-state batteries that are inherently safe, affordable, high in appetite firmness and operational during room temperature. The special properties of Ionic Materials’ polymer electrolyte also support lithium-ion cells with small to no cobalt in their cathodes.
Expected Benefits of Solid-State Batteries:
- Inherent Safety: Eliminates reserve issues with glass electrolytes
- Higher Performance: Enables aloft appetite anodes and cathodes
- Lower Cost: Reduces battery cost by reduction costly chemistries and manufacturing
“Ionic Materials’ breakthrough record could significantly urge battery record today,” pronounced John Suh, clamp boss of Hyundai CRADLE. “We are always looking for ways to safeguard a cars yield a top turn of purify and fit solutions. Our investment in Ionic Materials will keep us during a forefront of battery development, permitting us to build improved eco-friendly vehicles.”
“The investment by Hyundai represents another pivotal association miracle and demonstrates a fast movement as we rise polymer-based materials for solid-state batteries,” pronounced Mike Zimmerman, owner and CEO of Ionic Materials. “With a ongoing assistance of a investment partners, we have stretched a comforts and are adding to a group to accommodate a ever-growing direct for this technology.”
Further advancements done probable 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.
About Ionic Materials
Ionic Materials is a materials record association that enables next-generation solid-state batteries. Its breakthrough polymer is a initial plain electrolyte to entirely duty during room heat and be concordant with lithium and alkaline-based batteries, and capacitate new and modernized electrode chemistries to significantly urge battery safety, opening and cost. Developed by a world-class group of polymer scientists, Ionic Materials is headquartered in Woburn, MA. For some-more information, greatfully revisit www.ionicmaterials.com.
About Hyundai CRADLE
Hyundai CRADLE is a Center for Robotic-augmented Design in Living Experiences. CRADLE strengthens Hyundai Motor Group’s core automotive business and expands it into new and adjacent markets with a idea of enhancing travel on and off a road. The association also skeleton to enhance a Hyundai CRADLE creation judgment globally.