Solid Power SPAC Presentation Deck

Compelling Market Opportunity Auto OEMs are Committed to the Solid-State Value Proposition TOYOTA "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" "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" HYUNDAI Source: Press releases and news articles. Solid Power | DCRC+ DAIMLER "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" "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" JAGUAR RIVIAN Solid-State Batteries are the key to Auto OEMs realizing battery electric vehicle goals LAND- ROVER "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 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" RENAULT NISSAN ΝΙΟ MITSUBISHI "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" "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" W HONDA "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." “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" VIN F A ST 17

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