Solid Power DCRC+ Financial Overview
Appendix
Validation from Automotive OEMs
Automotive OEMS recognize the importance of All-Solid-State to the future of EVs and Solid Power's leadership
Key brands
M BMW Overview
•
B
German premium vehicle manufacturer with
~2.3m premium vehicles sold by BMW Group
in 2020
700,000 vehicles with electrified drive trains
on roads by end of 2020; BMW expects that
more than 50% of its sales in 2030 will be
electrified vehicles
EUR 6.3 bn invested in R&D activities in 2020 -
including focus activities in the fields of
electrification, battery research, digitalization
M
W
MINI
ROLLS-ROYCE
MOTOR CARS
Key brands
Ford
Ford Overview
• American vehicle manufacturer with
~4.5mm vehicle retail sales and ~4.2mm
vehicle wholesales in 2020
Ford is expected to produce ~600k EVs by
2030 and 2.3mm EVs by 2040 (50% of
sales)
• Committed to invest at least $22Bn
through 2025 to deliver connected, electric
vehicles, nearly twice its previous EV
investment plans
Ford
Solid Power
"Ford and BMW now share leading positions in the race for all solid-state battery-
powered electric vehicles.
Solid Power will begin producing automotive-scale batteries on the company's pilot
production line in early 2022 as a result of our partners' continued commitment to Solid
Power's commercialization efforts."
Doug Campbell - CEO and co-Founder of Solid Power
Partnership History
✓ Relationship dating back to 2016 conducting all-solid-
state battery research and development
✓ Announced partnership with Solid Power to jointly
develop all-solid-state battery technology in 2017
✓ Expanded partnership with Solid Power in 2021 with
Series B investment and joint development
agreement for full-scale 100 Ah cells for testing and
vehicle integration
Solid Power DCRC+
Partnership History
LINCOLN
✓ Ford participated in Solid Power's Series A funding in
2018, providing plan validation and capital
✓ Announced investment and partnership in 2019 to
jointly develop all-solid-state batteries via Solid
Power's roll-to-roll production line
✓ Expanded partnership with Solid Power in 2021 with
Series B investment and joint development
agreement for full-scale 100 Ah cells for testing and
vehicle integration
"Being a leader in advanced battery technology is of the utmost importance for BMW. The
development of all solid-state batteries is one of the most promising and important steps
towards more efficient, sustainable, and safer electric vehicles. We now have taken our
next step on this path with Solid Power.
Together we have developed a 20 Ah all solid-state cell that is absolutely outstanding in
this field. Over the past 10 years BMW has continuously increased the battery cell
competence-important partners like Solid Power share our vision of a zero-emission
mobility."
Frank Weber - Member of the Board of Management
"Solid-state battery technology is important to the future of electric vehicles, and that's
why we're investing directly.
Ford
By simplifying the design of solid-state versus lithium-ion batteries, we'll be able to increase
vehicle range, improve interior space and cargo volume, deliver lower costs and better
value for customers and more efficiently integrate this kind of solid-state battery cell
technology into existing lithium-ion cell production processes"
Ted Miller - Manager of Electrification Subsystems and Power Supply Research
Recent JDAs represent shift from collaborative R&D to vehicle integration programs
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