BMW has officially put the brakes on its plans to switch to solid-state batteries, citing high costs as the primary reason. While many automakers are racing to adopt this next-generation battery technology, BMW is taking a different approach. Instead of transitioning to solid-state batteries right away, the German carmaker is doubling down on improving lithium-ion batteries, which they believe still have untapped potential.
Entities like QuantumScape Corp. (NYSE: QS) engaged in the development of solid-state batteries need to take notes from the decision of BMW to abandon its plans to incorporate these batteries into their EVs and come up with strategies to win over electric vehicle makers who are concerned about the current…
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