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BMW-backed Solid Power seals $1.2B SPAC deal

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Solid Power produces solid-state batteries that are designed to power longer range and lower cost EVs. (Ford)
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By:
Bloomberg
June 15, 2021 01:47 PM

Solid Power, a maker of solid-state batteries backed by Ford and BMW, confirmed it has agreed to merge with a blank-check firm in a deal that values the combined company at about $1.2 billion.

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