Press release
Solid State Battery Market Growth (2026-2033): Global to 2033 | Major Companies - Toyota Motor Corporation, Infinite Power Solutions, Inc
Solid State Battery Market Size
As of February 2026, the technology is transitioning from lab prototypes and pilots to early commercialization, with real-world vehicle tests, pilot lines, and standards emerging-especially in EVs, consumer electronics, and grid storage. Full mass production for mainstream passenger EVs is still targeted around 2027-2030, but 2026 marks a pivotal year for milestones.
United States: Recent Industry Developments
✅ October 2025: Amgen expanded its biologic drug lifecycle management program with AI-driven pharmacovigilance and patient adherence monitoring.
✅ September 2025: Johnson & Johnson launched digital platforms to optimize the post-market lifecycle of monoclonal antibodies and recombinant proteins.
✅ August 2025: FDA supported initiatives for extending the lifecycle of existing biologics through improved formulation and delivery technologies.
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Japan: Recent Industry Developments
✅ October 2025: Takeda Pharmaceutical implemented comprehensive lifecycle management strategies for oncology biologics, including patient support programs.
✅ September 2025: Chugai Pharma advanced drug repurposing and combination therapy approaches to enhance biologic efficacy and longevity.
✅ August 2025: R&D collaborations focused on oral and non-injectable biologic delivery systems to improve patient compliance and treatment outcomes.
Key Players:
✦ Excellatron Solid State LLC: US-based developer of thin-film rechargeable solid-state lithium-ion batteries using inorganic glass electrolytes for high safety, energy density, and applications like smart cards and RF devices.
✦ Solid Power Inc.: Leading US developer of all-solid-state battery cells with sulfide-based electrolytes, partnering with BMW, Ford, SK On, and Samsung SDI for automotive-scale EV batteries targeting higher energy density and safety.
✦ Maxwell Technologies: Note: Often confused; the relevant entity is Maxell (Japan), a producer of commercial all-solid-state batteries (sulfide-based) for industrial, high-reliability applications with long life (up to 20 years), wide temperature range, and recent power modules compatible with ER battery sizes.
✦ Cymbet Corporation: Pioneer in solid-state thin-film rechargeable batteries (EnerChip series) using semiconductor fabrication for microelectronics, energy harvesting, and perpetual power in sensors/IoT with no liquids or hazardous materials.
✦ Toyota Motor Corporation: Japanese automotive giant leading all-solid-state battery development for EVs, with pilot production ramping in 2026 and commercial targets by 2027-2028 aiming for 750+ mile range, faster charging, and enhanced safety.
✦ Infinite Power Solutions, Inc. (IPS): Former US innovator in flexible thin-film solid-state rechargeable Micro-Energy Cells (THINERGY series) for embeddable, long-life applications with energy harvesting; company ceased operations, with IP/assets transferred or legacy.
✦ Robert Bosch GmbH: German automotive supplier invested in solid-state battery R&D (often through partnerships) for safer, higher-density solutions in automotive and industrial sectors, focusing on scalability and integration.
✦ Planar Energy Devices, Inc.: US developer of printable thin-film solid-state lithium batteries and large-format tunable power storage, emphasizing high-energy-density thin films for commercial/consumer uses via innovative production processes.
✦ Panasonic Corporation: Major Japanese battery maker advancing solid-state technologies (in collaboration with Toyota and others) for next-gen EV and electronics batteries with improved energy density, safety, and performance.
✦ Front Edge Technology, Inc.: US specialist in ultra-thin solid-state thin-film batteries (using LiPON tech) for card-type, IoT, sensor, and medical implant applications, focusing on longer life, higher density, and niche pilot production.
Key Development:
✦ Toyota: Pilot production ramp-up from 2026; targets EVs with solid-state by 2027-2028 (e.g., 750+ mile range goals). Idemitsu Kosan building solid electrolyte pilot plant (completion 2027) in collaboration with Toyota.
✦ Other Japanese: Nissan pilot factory; Sumitomo Metal Mining partnerships for cathodes.
United States emphasizes innovation and partnerships:
✅ QuantumScape (backed by Volkswagen): Eagle Line operational for testing/demos.
✅ Factorial: Quasi-solid-state (FEST) in Karma vehicles; Stellantis demo fleet in 2026.
✅ Solid Power: Collaborations with BMW, Ford, Hyundai.
✅ Investments: Strong VC/government push; market projected to grow aggressively.
Latest M & A
• Factorial Inc. agreed to merge with SPAC Cartesian Growth Corporation III to advance its high‐power solid‐state battery tech and list publicly (deal expected mid‐2026).
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Segmentation Analysis:
By Electrolyte Type
• Polymer Electrolyte leads with 45% share, driven by flexibility, lightweight design, and safety advantages.
• Solid Ceramic Electrolyte holds 35% share, supported by high thermal stability and long cycle life.
By Application
• Automotive (Hybrid & Electric) dominates 50% share, fueled by EV adoption and stringent emission regulations.
• Consumer Electronics accounts for 30% share, driven by demand for high-performance batteries in portable devices.
By Storage Capacity
• Above 500 mAh captures 55% share, favored for high-energy applications in EVs and industrial devices.
• 20-500 mAh represents 30% share, used widely in wearables and medical devices.
Key Advantages and Challenges
Advantages:
=> Energy density: Up to 400-500+ Wh/kg (vs. ~250-300 Wh/kg for current Li-ion).
Safety: Reduced fire risk and dendrite issues in advanced designs.
=> Charging: Potential for 10-15 minute full charges.
=> Lifespan: Some claims exceed 1,000-10,000 cycles.
Challenges:
=> High costs and manufacturing scalability (interface stability, dendrite formation).
Material sourcing and production yields.
=> Many "solid-state" announcements are semi-solid or hybrid for near-term viability.
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Recent Developments (2026)
1. China leads acceleration: First solid-state EV battery standard expected July 2026; real-world tests underway. Automakers like Chery, Geely, BYD, and GAC plan pilots/demos in 2026-2027.
2. BYD breakthroughs: Sulfide-based solid-state with major lifespan/fast-charging gains; small-batch production targeted 2027 (up to 10,000 cycles claimed in related tech).
3. US highlights: Factorial Energy partners with Karma Automotive for first US passenger vehicle program (Karma Kaveya supercar in late 2027); QuantumScape inaugurates Eagle Line pilot production in California (Feb 2026) for customer sampling.
4. Other: Gotion + BASF partnership for materials; various pilots shifting to small-scale production 2027.
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