Solid Power DCRC+ Financial Overview
Compelling
Market Opportunity
Auto OEMs are Committed to the Solid-State Value Proposition
TOYOTA
DAIMLER
LER
RIVIAN
NIO
HONDA
"The technology is a potential cure-all
for the drawbacks facing electric vehicles
that run on conventional lithium-ion
batteries, including the relatively short
distance traveled on a single charge as
well as charging times"
"Our new, state-of-the-art articulated
buses are making an important
contribution to climate protection and
the transition of transportation away
from combustion engines. They are an
important element of climate-friendly
mobility"
"The automaker is searching for
manufacturing engineers to develop
solid-state batteries. The five positions
currently listed are all for Rivian's Palo
Alto facility in California. Solid-state
batteries have been touted for their
potential of higher capacity compared to
conventional lithium-ion batteries EV
automakers currently use"
"The company announced a massive
150kWh battery with a difference. For a
while now the industry has lusted after
solid state batteries. These are heralded
as being the next big innovation in
electric vehicle batteries, as they offer
much higher energy density, great cycle
life, lower costs and can accept a faster
rate of charge"
"Honda is planning to completely phase
out internal combustion engines from its
North American lineup by 2040... That
means a combination of battery-electric
and fuel-cell models will add up to 100%
of its sales by that time."
Solid-State Batteries are the key to Auto OEMS realizing battery electric vehicle goals
"South Korean auto conglomerate
Hyundai Motor Group aims to release 12
new electric vehicle models by 2025,
solid-state battery-equipped car by 2030
to achieve a global EV market share of 10
percent by 2040"
"Automakers are pairing off with battery
companies to try to win the race to
develop an electric vehicle battery that
costs less and has a much longer range...
Honda and Jaguar Land Rover, among
other companies, are working with Ilika
of the United Kingdom"
"The Alliance of Renault, Nissan, and
Mitsubishi is working on solid-state
batteries and aims to deploy these
'before 2030, and by 2025 if possible.'
Solid-state batteries are the new hope of
the car industry that still aims for long
range electric vehicles"
"Full capacity for solid-state batteries
could be achieved in 2028, or just in time
for the Volkswagen Group's wholesale
switch to electrified powertrains"
“Vietnamese electric car startup VinFast
has announced a joint venture with
Taiwanese battery cell manufacturer
ProLogium to accelerate
the commercialization of solid-state
battery-electric cars in Vietnam"
HYUNDAI
Source: Press releases and news articles.
Solid Power DCRC+
LAND-
ROVER
NISSAN
JAGUAR
RENAULT
MITSUBISHI
VINFAST
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