VW turns to another solid-state battery maker after delays with QuantumScape
Volkswagen has been trying to develop solid-state EV batteries with US startup QuantumScape for years, pouring millions into the startup, with the dream that VW Golf EVs would zip along with long ranges and charge in minutes, but that hasn’t happened – not yet anyway. Now Reuters reports that the automaker is in talks with France’s Blue Solutions.
According to an anonymous source who spoke to Reuters, VW and Blue Solutions aim to finalize a joint development agreement in the coming months. Currently, Blue Solutions produces solid-state batteries for Daimler electric buses, but the deal should help the company adapt the technology for passenger cars. Whether or not they can do any faster than QuantumScape, we’ll have to see.
Still, from the looks of it, VW is hoping to widen its options in pushing the technology further in the hopes of giving EVs longer ranges and shorter charging times than lithium-ion batteries. Blue Solutions, owned by French conglomerate Bollore, says it is working on a battery for passenger cars with a charging time of 20 minutes and planned to construct a gigafactory to build it by 2029.
It says it has signed deals with BMW and another undisclosed company, and was in talks with a third, according to the report. The French company recently signed a deal with Foxconn to develop its fourth-generation solid-state batteries for use in two-wheelers.
Blue Solutions uses a polymer electrolyte and ultra-thin lithium metal anode, aiming for a charging time of less than 20 minutes with a range increase of about 30% to nearly 620 miles, or 1,000 km. The company produces solid-state batteries for electric buses with a charging time of four hours. That works fine for buses plugged in overnight, but they will need to radically bring down that charge time for this to be a viable option, the report said.
And it faces plenty of competition in the field. Toyota aims to have its solid-state batteries up and running for production by 2025, but has said it will be pushing that back until 2027 or 2028. Other players include Chinese battery leader CATL, LG Energy Solution, Solid Power, and Honda. Tesla, however, is not developing any solid-state batteries.
VW says its deal with QuantumScape is still on track, and all things are running as planned after investing $300 million in the startup. The deal was signed in 2018, with the promise of VW’s EVs running around with extra-long ranges by 2025, but we’ll have to wait a little longer for that. QuantumScape, meanwhile, has deals in place with five other automakers.
QuantumScape does have a prototype, but it’s not pure solid state since it uses a liquid electrolyte. “We still have a lot of work to do,” QuantumScape’s CEO Jagdeep Singh told Reuters. “The prototype is meant to show the core functionality is there, not that the cell is fully ironed out in terms of all the different defects that can be introduced during the production process.”
Electrek’s Take
Cracking the code for solid-state batteries has been an elusive, expensive quest so far, with decades and billions of dollars already poured into the technology – and boards of directors of huge automaker conglomerates probably want to see things happen faster than what is realistic. But for the true believers in the technology, with Tesla not among them, solid-state batteries are the “holy grail” game-changing advancement that EVs are waiting for. And while investments appear to be drying up in some cases, we are seeing some breakthroughs in the technology that keep the promise alive.
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The US Department of Energy (DOE) today announced $1.2 billion in financing to replace Puerto Rico’s fossil fuel plants with solar and battery storage through 2032.
The DOE’s Loan Programs Office announced two conditional commitments and one loan closing to power producers in Puerto Rico. Each supports a project contracted with the Puerto Rico Electric Power Authority. The announcements include:
- The closing of a $584.5 million loan guarantee to subsidiaries of Convergent Energy to finance a 100 MW solar farm with a 55 MW (55 MWh) battery energy storage system (BESS) in the municipality of Coamo and BESS installations in the municipalities of Caguas (25MW/100MWh), Peñuelas (100MW/400MWh), and Ponce (up to 100MW/400MWh)
- A conditional commitment for a loan guarantee of up to $133.6 million to a subsidiary of Infinigen for a 32.1 MW solar farm with an integrated 14.45 MW (4.76 MWh) BESS, and a co-located standalone 50 MW (200 MWh) BESS expansion in the municipality of Yabucoa
- A conditional commitment for a loan guarantee of up to $489.4 million to a subsidiary of Pattern Energy for three stand-alone BESS in the municipalities of Arecibo (50 MW/200 MWh), and Santa Isabel (50 MW /200 MWh and 80 MW/320 MW), and a 70 MW solar farm with an integrated BESS in the municipality of Arecibo.
If all are finalized, these projects would more than double LPO’s support for utility-scale solar generation and battery energy storage in Puerto Rico.
LPO provides low-cost financing and a rigorous due diligence process, making it a valuable resource for Puerto Rico as it works to rebuild an affordable, reliable, and clean energy system. As a result of reliance on imported fuel, the persistent threat of tropical storms, and underinvested infrastructure, Puerto Ricans today face average energy costs that are twice the US average – all while consuming only one-quarter of the energy of the US per capita.
LPO’s initial loan to a power producer in Puerto Rico, Project Marahu, closed in October 2024, and when complete will add more than 200 MW of solar and up to 285 MW of stand-alone energy storage to Puerto Rico’s grid.
Through its September 2023 partial loan guarantee to Project Hestia, LPO also supports virtual power plant (VPP)-ready rooftop solar and battery storage installations in Puerto Rico. As a nationwide project, Hestia’s sponsor is committed to at least 20% of installations under Project Hestia going to homeowners in Puerto Rico.
As part of its procurement plan, Puerto Rico Electric Power Authority seeks to install 1,500 MW of battery storage and requires a minimum capacity of storage to be co-located with each utility-scale solar project. Energy storage systems currently online in Puerto Rico are being dispatched every day.
When including Marahu, LPO’s closed and conditionally committed financing supports over 100% of the capacity Puerto Rico Electric Power Authority aimed to procure under its initial request for energy storage project proposals, the first of six.
Read more: Cleantech investments to top fossil fuels for the first time in 2025
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Chevy just introduced new deals on the Equinox and Blazer EV models to make them even more affordable. With 0% interest and a new trade-in bonus, Chevy is offering over $5,000 in savings.
Chevy adds new Equinox and Blazer EV deals in January
Although the Chevy Equinox EV is already “the most affordable” EV in its class with over 315 miles range, it’s getting even cheaper.
Earlier this week, Chevy launched new deals on the 2024 Equinox and Blazer EV models. According to a note sent to dealers, viewed by CarsDirect, the electric SUVs are now available with 0% APR financing for 60 months. You can also choose from 0.9% AP for 72 months and 2.9% APR for 84 months.
This marks the best financing offer on Chevy’s newest EVs to date. The previous best rates were 0.9% APR for 60 months, 3.9% for 72 months, and 5.9% for the longer 84-month option.
On a 7-year $45,000 loan, online auto research firm CarsDirect estimates the new deals amount to around a $5,200 price cut. The lower APR rates are already offered on the Chevrolet Silverado EV pickup.
In addition, Chevy is offering a trade-in bonus of up to $3,000 on the Silverado EV and $1,000 on the electric Equinox and Blazer models. If you choose to lease, the bonus is cut in half: $1,500 for the Silverado and $500 for the electric SUVs.
Chevy’s new EV deals started on January 14 and run through March 3, 2025. The deals come as rivals like Hyundai and Ford recently launched new EV promotions.
On Thursday, Hyundai launched a new promo on the upgraded 2025 IONIQ 5, which includes monthly leases as low as $199 and a free ChargePoint home EV charger (or $400 charging credit). Meanwhile, Ford extended its “Power Promise” program earlier this month, which also includes a free home charger, among several other benefits.
The 2024 Chevy Equinox EV started at $41,900 with up to 315 miles range. Prices for the electric Chevy Blazer start at $43,690 with up to 279 miles range.
If you are ready to try out Chevy’s new electric SUVs for yourself, we’ve got you covered. You can use our links below to view offers on the Chevy Equinox, Silverado, and Blazer EV models near you.
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In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss non-Tesla EVs getting Supercharger access, Cybertruck sales in the spotlight, Rivian getting some money from Biden, and more.
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