Mullen and Development Partner Take Solid-State Polymer Battery Cell Technology to the Vehicle Pack Level

Mullen Technologies, Inc.

Mullen Systems, Inc.

Partnership with LGG (Linghang Guochuang Team) is on observe and focused on having strong-condition polymer battery mobile technological know-how into motor vehicle pack degree improvement. Stable-state batteries are prepared for Mullen’s second-technology Mullen Five EV Crossover and show promise of above 300 miles of vary delivered in 18 minutes with DC speedy charging.

Mullen and LGG progress to pack amount progress for strong-state polymer batteries

Solid-state polymer batteries planned for second generation of Mullen FIVE EV Crossover.

Good-state polymer batteries planned for 2nd technology of Mullen 5 EV Crossover.

BREA, Calif., May perhaps 16, 2022 (World NEWSWIRE) — by means of InvestorWire — Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric powered automobile (“EV”) producer, announces currently an update on its partnership with Linghang Guochuang Group (LGG). The Mullen and LGG partnership is at the moment targeted on taking solid-condition polymer battery cell technological know-how into motor vehicle pack stage enhancement for Mullen Automotive. Reliable-condition polymer batteries are presently planned for the 2nd generation of the Mullen 5 EV Crossover.

Mullen and LGG are on track with their current partnership, which was at first began in late 2019 and subsequently sidelined in 2020 due to the COVID-19 outbreak. In modern months, the two companies have manufactured development and are pleased to announce they have began integration of the good-point out polymer mobile know-how into the automobile pack level. Mullen has introduced previously that reliable-state polymer batteries are now prepared for the next technology of the Mullen Five EV Crossover. Facts gathered from solid-point out cell testing reveals remarkable final results for strong-condition batteries, including likely variety of 600 miles on a total charge and about 300 miles of vary shipped in 18 minutes with DC speedy charging.

“Linghang Guochuang is pleased to be ready to continue on with our initial created settlement (11-26-2019) with Mullen,” claimed Yao Wang, GM for Linghang Guochuang.

“I am pleased to announce currently that Mullen Automotive and LGG are moving forward on solid-state automobile pack amount advancement,” claimed David Michery, CEO and chairman of Mullen Automotive. “Scaling from the cell level to pack amount improvement is a significant accomplishment and one particular I am proud to announce is progressing with LGG as our companion.”

Mullen recently introduced the “Strikingly Different” U.S. Exam Drive Tour, covering 19 metropolitan areas across the U.S. The tour will start out this drop in Southern California and get the job done its way during the U.S. Additional specifics can be identified here, or put your Mullen Five reservation right here.

About Mullen
Mullen is a Southern California-primarily based automotive corporation that owns and partners with several synergistic companies doing work toward the unified target of building thoroughly clean and scalable power solutions. Mullen has advanced about the past 10 years in sync with shoppers and technological innovation tendencies. Currently, the Corporation is functioning diligently to provide enjoyable EV possibilities crafted fully in the United States and produced to match perfectly into the American consumer’s lifetime. Mullen strives to make EVs additional available than at any time by developing an stop-to-stop ecosystem that can take care of all facets of EV possession.

Ahead-On the lookout Statements
Specific statements in this press launch that are not historical points are forward-seeking statements in just the that means of Area 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this push launch that are not statements of historic point might be deemed ahead-seeking statements. Words and phrases such as “go on,” “will,” “may well,” “could,” “really should,” “hope,” “anticipated,” “programs,” “intend,” “foresee,” “believe,” “estimate,” “predict,” “prospective” and comparable expressions are supposed to detect these kinds of ahead-searching statements. All forward-searching statements entail substantial challenges and uncertainties that could lead to true outcomes to vary materially from those expressed or implied in the ahead-looking statements, quite a few of which are frequently outdoors the command of Mullen and are challenging to predict. Examples of this kind of risks and uncertainties involve but are not confined to whether or not the Business will attain its goals of launching its EV crossover, the 5, in anticipated timelines and, if so, if the Five will be a good results no matter if creation of its own EV battery packs will be profitable, cut down dependency on 3rd-get together suppliers or outcome in lower charges and amplified general high quality and regardless of whether the Company’s partnerships with ARRK, Dürr, and DSA Programs and More than the Air (OTA) will end result in expediting the rollout of the Five. Further examples of these kinds of risks and uncertainties contain but are not constrained to: (i) Mullen’s ability (or incapacity) to receive additional funding in adequate quantities or on satisfactory conditions when wanted (ii) Mullen’s capacity to preserve existing, and protected more, contracts with companies, pieces and other support suppliers relating to its company (iii) Mullen’s ability to correctly expand in existing markets and enter new marketplaces (iv) Mullen’s means to successfully handle and combine any acquisitions of companies, solutions or technologies (v) unanticipated operating costs, transaction charges and genuine or contingent liabilities (vi) the skill to entice and keep capable workforce and crucial personnel (vii) adverse effects of greater levels of competition on Mullen’s small business (viii) adjustments in authorities licensing and regulation that could adversely affect Mullen’s enterprise (ix) the hazard that changes in client actions could adversely have an effect on Mullen’s enterprise (x) Mullen’s ability to protect its intellectual home and (xi) neighborhood, field and standard company and financial circumstances. Added things that could lead to true final results to vary materially from those people expressed or implied in the forward-hunting statements can be uncovered in the most the latest yearly report on Form 10-K, quarterly experiences on Kind 10-Q and existing experiences on Form 8-K submitted by Mullen with the Securities and Exchange Fee. Mullen anticipates that subsequent gatherings and developments could induce its options, intentions and expectations to transform. Mullen assumes no obligation, and it exclusively disclaims any intention or obligation, to update any forward-on the lookout statements, whether or not as a result of new info, upcoming situations or or else, except as expressly essential by law. Ahead-wanting statements communicate only as of the day they are manufactured and should really not be relied upon as symbolizing Mullen’s designs and expectations as of any subsequent date.

Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

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What does the future hold for solid-state battery technology?

Could you tell us a little about the science behind your solid-state battery cells and the disruptive aspect of it?

Solid Power replaces the flammable liquid electrolyte in a conventional lithium-ion battery with a proprietary sulfide-based solid electrolyte. As a result, Solid Power’s all-solid-state battery cells are expected to be safer and more stable across a broad temperature range and provide an increase in energy density compared to the best available rechargeable battery cells. Solid Power also anticipates our all-solid-state battery cells will enable less expensive battery pack designs due to the removal of expensive and extensively engineered battery pack cooling schemes.  Solid Power’s battery technology is compatible with traditional lithium-ion manufacturing processes, which we anticipate will speed our path to market and keep our cell prices competitive with today’s and tomorrow’s industry-standard lithium-ion battery cells.

What are your thoughts on the current battery technology landscape and the future of solid-state technology?

Today’s liquid electrolyte-based lithium-ion battery cell technology helped introduce the possibility of broad adoption of electric vehicles. However, this first-generation technology is reaching a practical limit where further investments into development provide diminishing returns due to concerns about safety, energy density, and stability. Without further improvements to electric vehicle battery pack performance, consumer demand for electric vehicles may plateau over time. Specifically, we believe that today’s liquid electrolyte-based lithium-ion battery cells suffer from four key problems that discourage the widespread acceptance of electric vehicles:

  • Limited drive range. Current lithium-ion battery cell technology does not provide enough energy density to support extended drives before requiring recharging.
  • Short calendar life. We estimate that today’s electric vehicle battery cells typically will have a calendar life (i.e., before seeing significant degradation) that is shorter than the average age of the average passenger vehicle in operation, which IHS Markit estimated was 11.9 years in 2020. This disparity must be addressed so owners of electric vehicles can keep their vehicles, without having to replace battery packs, for at least as long as they would typically keep their comparable traditional internal combustion vehicles.
  • Abuse tolerance. The liquid electrolyte-based lithium-ion battery cell used in current electric vehicle battery packs contains highly flammable and volatile components that create safety risks when exposed to abuse conditions.
  • Expensive materials and pack systems. Today’s battery packs are complex and, due to temperature sensitivity and the highly flammable and volatile components, require cooling systems to maintain stability and considerable engineering to mitigate risk. This increases the cost of battery pack production.

Solid Power’s all-solid-state battery cell technology addresses these roadblocks. By simplifying the design of solid-state versus lithium-ion batteries, Solid Power can 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 – a key barrier for the current battery market.

Could you add a little more colour around your relationship with Ford and BMW?

Solid Power began its relationship with BMW in 2017 announcing a joint development agreement to develop all-solid-state batteries for electric vehicles. In 2018, Solid Power raised its Series A, which Ford participated in. We also announced a JDA to develop all-solid-state batteries for electric vehicles. In May 2021, BMW and Ford both participated in Solid Power’s Series B and expanded their existing joint development agreements in order to secure Solid Power’s batteries for forthcoming electric vehicles. Solid Power anticipates delivering full-scale “A Sample” all-solid-state cells in 2022, officially entering into the automotive qualification process. Solid Power anticipates to be the first next-gen battery to enter into auto qualification in 2022.

In terms of production, we understand that Solid Power is close to reaching full autonomy. Could you update us on the stage reached?

Today, Solid Power operates a Colorado-based pilot production line that is capable of building prototype all-solid-state cells for testing purposes. In 2022, Solid Power anticipates the completion of its “EV Cell Line” that will be capable of building full-scale automotive cells specifically for the automotive qualification process.

In October 2021, Solid Power announced a partnership with South Korean lithium-ion battery producer, SK Innovation. The partnership is intended to allow SK Innovation to produce Solid Power’s cells for the later stages of automotive qualification. Long term, Solid Power anticipates licensing its cell business to a third-party cell manufacturer while producing and selling in the core solid electrolyte material.  In addition to this, Solid Power announced a second Colorado-based facility in October where it anticipates increasing electrolyte production by 25x.

What opportunities does this partnership with SK Innovation bring?

With the battery market poised to grow by $82.89 billion between 2021-2025, companies must achieve battery production processes that are scalable and compatible with existing lithium-ion production technology to remain successful in an increasingly crowded field. Solid Power intends to utilize this by licensing its proprietary cell technology, manufacturing know-how and practices to SK Innovation to enable full integration of the company’s sulfide-based solid electrolyte material into SK Innovation’s existing cell production environment. This could allow Solid Power a quicker path to market that is much more capital efficient as we don’t intend to raise and deploy billions to build our own giga factories.

Solid Power has a special purpose acquisition company (SPAC) merger finalizing soon with Riverstone Holdings’ Decarbonisation Plus Acquisition Corporation III (DCRC). How will you use the capital and how do you see the company by late 2023? 

Solid Power is laser-focused on our commitments to our two automotive partners, BMW and Ford. We anticipate building our EV Cell Line in 2022 to produce full-scale automotive batteries for automotive qualification testing while expanding the production of our solid electrolyte material. In 2023, Solid Power anticipates moving to the second stage of automotive qualification testing, which would end with a cell design that meets all automotive requirements and is design frozen.

We understand that some carmakers (VW, Tesla and even Apple) are taking a greater interest in LFP (lithium-iron-phosphate) cathode material chemistries. Why such interest in material chemistry now? Does this signal a shift across the EV industry? 

LFP is coming back “into style” mainly for cost reasons.

Solid Power’s cells are anticipated to be $85/kWh when produced at scale, which is lower than today’s NMC-based cell design costs. We believe it will be in line with NMC cell costs in 2025-2026. Solid Power see’s further cost savings with its all-solid-state cell, specifically at the pack level due to the removal of costly battery pack cooling, which accounts for roughly 10 per cent of the pack cost.

Solid Power and SK Innovation collaborating on EV cells

BMW/Solid Power to develop solid-state batteries for EV applications