Battery manufacturer Saft, a subsidiary of French energy group Total, said it will invest more than €200m ($233m) to develop competitive, solid-state battery technology by 2025. The company is also working on the development and production of batteries for electric cars that can be recharged in as little as 30 minutes. Earlier this year Saft formed an alliance with Siemens, Solvay and Manz to research, develop and build a new generation of solid-state batteries in order to compete with Asian and American manufacturers.
Battery manufacturer Saft, a subsidiary of French energy group Total, said it will invest more than €200m ($233m) to develop competitive, solid-state battery technology by 2025. An unspecified percentage of the funds will be provided by EU’s executive arm, which wants to support the development of a European battery industry, Saft said. Earlier this year Saft formed an alliance with Siemens, Solvay and Manz to research, develop and build a new generation of solid-state batteries in order to compete with Asian and American manufacturers.