Excerpt taken from original post September 21, 2020 01:54 PM Eastern Daylight Time (BUSINESS WIRE).

Hercules Electric Vehicles and Prieto Battery, Inc. today announced they have signed a Letter of Intent to form a strategic partnership for the development and commercialization of Prieto’s 3D Lithium-ion solid-state batteries for use in Hercules electric pickups, SUVs and other future vehicles starting in 2025.

“We are excited to partner with Prieto to tailor their batteries to our future vehicle applications and performance requirements and to scale up the manufacturing process for anticipated commercial launch in 2025 in our pickup trucks”

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The 3D battery architecture that Prieto developed and patented provides higher power output and energy density, faster recharging, excellent operation at low and high temperatures and is safer than today’s Lithium-ion batteries.

“We are excited to partner with Prieto to tailor their batteries to our future vehicle applications and performance requirements and to scale up the manufacturing process for anticipated commercial launch in 2025 in our pickup trucks,” said James Breyer, CEO and president of Hercules.

“We are thrilled to be working with such an innovative electric vehicle manufacturer as Hercules,” said Mike Rosenberg, Prieto CEO. “Hercules’ unique approach to the market will create a distinctive luxury pickup truck with exceptional power and performance, and our batteries will help distinguish it even further with faster charging, higher power output and longer ranges.”