Seems like everyone is getting into the race to build electric vehicles. This past February, James Dyson made the decision to build more than just high-precision vacuums and fans and instead focus on electric vehicles (EVs). Dyson plans to construct three EVs by 2020, the Financial Times reported, with an estimated $2.8 billion project. Much like Elon Musk, Dyson looks to shake up the EV market by using solid-state batteries instead of the lithium-ion versions.
The main difference between the batteries is that lithium-ion batteries use liquid electrolytic solution to regulate flow, whereas solid-state batteries use a solid electrolyte. The electrolyte is the conductive chemical mixture that allows flow of the current between the anode and cathode. Using a solid electrolyte will provide a smaller size with higher energy density, longer lifespan, and increased safety. Solid-state batteries theoretically could store twice as much energy as a lithium-ion battery.
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.