Lithium-ion batteries make possible smaller and lighter electronics. Unfortunately, they are also costly to produce. In a conventional lithium-ion battery, many thin layers create the finished product much like filo dough in baklava. A startup company called 24M thinks they have the answer to making less expensive lithium-ion batteries: a semisolid electrode made by mixing powders and liquid to form an electrolyte goo.
Not only will the batteries be cheaper and faster to create, but the cost of the factory will be less. Currently, 24M has a pilot manufacturing line, but by 2020 they expect to scale to produce batteries that cost less than $100 per kilowatt hour (today’s costs are about $200 to $250 for conventional batteries). Under $100, the batteries become competitive with the cost of internal combustion engines, according to the article.