Fisker Gives Up on Solid-State Batteries (for Now)

The CEO of electric-vehicle start-up Fisker (NYSE: FSR) said that the company has dropped plans to develop solid-state batteries for its vehicles. In an interview with tech website The Verge posted last week, Henrik Fisker said that completing development of the batteries had proved much more difficult than expected when the company first announced the program in 2017. At that time, Fisker said that it had attained a breakthrough in developing so-called solid-state batteries, a technology that -- if perfected -- could give electric vehicles (EVs) more range with less weight and lower cost, as well as quicker recharging times.