In September, Toyota offered the world a glimpse into the company’s future. In an 11-second YouTube video, it displayed a modern four-door car cruising down a test track. The most important upgrade was the tagline emblazoned on the car’s right side: “Powered By All-Solid-State Battery.”
In recent years, car giants such as Toyota, Ford and Volkswagen have been trying to overcome the shortcomings of batteries that power electric vehicles by racing to produce a next-generation battery. Many companies are rallying around solid-state batteries, which do not contain liquid electrolytes and can charge quicker, last longer and be less prone to catching fire than the lithium-ion batteries currently in use, according to battery experts. Automakers have poured millions into perfecting the technology by the latter half of the decade.
Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.
