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Solid state battery (IKA)     

- 22 Jun 2018 10:00

https://www.cnet.com/roadshow/news/2018-volkswagen-quantumscape-solid-state-battery-technology/

Volkswagen is investing $100 million in QuantumScape, a leading Silicon Valley solid-state battery developer.

http://www.proactiveinvestors.co.uk/companies/market_reports/198684/ilika-zooms-higher-on-news-of-government-grant-198684.html

Ilika PLC (LON:IKA) powered almost 50% higher on Tuesday afternoon after the battery technology group told investors it has received an offer of “significant funding” from the UK government.

Business secretary Greg Clark revealed today that the government would be allocating £22mln towards 12 innovation projects though the Faraday Battery Challenge programme.

One of those projects earmarked for a chunk of the funds is the PowerDrive Line project which is looking to develop the next generation of high-power, ultra-fast charging electric car batteries.

Ilika is still waiting on confirmation of how much it will receive, but investors weren’t waiting on details, with the stock up 43% to 29.3p.
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