Hyundai Invests to Advance EV Battery Technology

July 10, 2018

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.

Sponsored Recommendations

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Banking on Bigger Profits with a Heavy-Duty Truck Paint Booth

The addition of a heavy-duty paint booth for oversized trucks & vehicles can open the door to new or expanded service opportunities.

The Autel IA700: Advanced Modular ADAS is Here

The Autel IA700 is a state-of-the-art and versatile wheel alignment pre-check and ADAS calibration system engineered for both in-shop and mobile applications...

Boosting Your Shop's Bottom Line with an Extended Height Paint Booths

Discover how the investment in an extended-height paint booth is a game-changer for most collision shops with this Free Guide.