https://apnews.com/1a65638a2b0cb538134f5c33048d3fb6

DETROIT (AP) — Ford has raised its stake in a manufacturer of solid-state batteries — a move that its chief product and operations officer, Hau Thai-Tang, says will strengthen the company's effort to increase the range and reduce the costs of its next generation of electric vehicles.

Ford, along with BMW, this week announced their investment in a $130 million funding round for Solid Power, a Denver-area company that is developing sulfide solid-state battery technology. Thai-Tang says the technology should give Ford the flexibility to either shrink battery sizes to make it less expensive to manufacture some vehicles or keep the same size battery and achieve a greater range of distance in other models.