Welcome to our dedicated page for Solid Pwr news (Ticker: SLDP), a resource for investors and traders seeking the latest updates and insights on Solid Pwr stock.
Solid Power, Inc. (NASDAQ: SLDP) is a U.S.-based developer of solid-state battery technology whose news flow centers on technology milestones, partnerships, and financial updates. The company focuses on an electrolyte material that replaces the liquid or gel electrolyte in traditional lithium-ion cells and aims to supply this material and license related cell designs and manufacturing processes for EV and other markets.
News about Solid Power often highlights operational and financial results, including quarterly and full-year earnings releases that discuss revenue and grant income, operating expenses, liquidity, and cash investment in research, development, and capital projects. These releases also outline the company’s objectives and outlook for upcoming periods.
A significant portion of SLDP news covers strategic collaborations with industry partners. Solid Power has reported multi-year agreements and joint development activities with SK On, BMW, and Ford, as well as a Joint Evaluation Agreement with Samsung SDI and BMW. Updates include milestones such as factory and site acceptance testing for an SK On pilot cell line and the introduction of a BMW i7 test vehicle powered by Solid Power’s cells and solid-state battery technology.
Investors following SLDP can also expect coverage of technology development, such as progress on the continuous electrolyte production pilot line, commissioning of the electrolyte innovation center, and electrolyte sampling to customers. Regulatory filings and announcements related to executive compensation plans, investor presentations, and risk disclosures appear in the news stream as well.
For those tracking Solid Power stock, this news page brings together company-issued press releases and related disclosures so readers can review the latest information on partnerships, technology progress, and financial performance in one place.
Solid Power has expanded its partnership with BMW Group by granting a research and development license for its all-solid-state battery technology. This agreement allows BMW to replicate Solid Power's pilot production lines in Germany and produce prototype cells. BMW will invest $20 million through June 2024 based on achieving milestones. Solid Power will supply its sulfide-based electrolyte for these prototypes, further affirming its technology's potential in the automotive sector.
Solid Power announces the retirement of CEO Douglas Campbell effective immediately, with David Jansen, the company's Chair and President, stepping in as Interim CEO. Campbell, a co-founder, emphasized his pride in the company's achievements over the past decade and intends to remain a significant shareholder. The Board is actively searching for a permanent CEO, aiming to enhance product development and commercialization capabilities. Jansen expressed confidence in Solid Power's leadership and growth potential as the company moves forward.
Solid Power reported a significant surge in revenue for Q3 2022, totaling $2.8 million, leading to a year-to-date total of $7.6 million, compared to $1.7 million a year prior. Despite strong demand for its 20 Ah cells, operational challenges caused lower production yields, potentially delaying A-sample EV cell production into 2023. Operating loss for Q3 stood at $15.6 million, with a net loss of $12.4 million or $0.07 per share. The company maintains a robust liquidity position of $507.6 million and expects total cash investments between $120 million and $130 million by year-end.
Solid Power, Inc. (Nasdaq: SLDP) announced it will release its Q3 2022 earnings after market close on November 8, 2022. A conference call will follow at 3:00 p.m. MT (5:00 p.m. ET) where investors can join via the Investor Relations website or by phone. Solid Power specializes in developing all-solid-state battery cells for electric vehicles, promising enhanced safety and energy density. This innovative technology could lead to more cost-effective battery designs compatible with existing lithium-ion manufacturing processes.
Solid Power, a leader in all-solid-state battery development, announced its participation in the Cowen 15th Annual Global Transportation & Sustainable Mobility Conference from September 7-9, 2022. CEO Doug Campbell will present on September 9 from 10:40 a.m. to 11:10 a.m. ET. Additionally, Campbell and CFO Kevin Paprzycki will engage in small group meetings during the event. A live webcast of the presentation will be accessible through Solid Power's Investor Relations website, with a replay available for 90 days after the event.
Solid Power (Nasdaq: SLDP) reported a strong Q2 2022, with revenue of $2.6 million, totaling $4.8 million for the first half, surpassing 2021 figures. Operating loss stood at $14.7 million, but a non-cash gain from warrant liabilities led to a net income of $13.7 million, or $0.08 per diluted share. The company anticipates 2022 revenue will exceed $5 million and maintains a robust liquidity position of $534.2 million. Key milestones include the completion of their EV cell pilot line and expected delivery of 20 Ah Silicon EV cells during Q3 2022.
Solid Power (Nasdaq: SLDP) will release its second quarter 2022 earnings on August 9, 2022, after the market closes. This announcement is accompanied by a conference call scheduled for 3:00 p.m. MT (5:00 p.m. ET) on the same day. Investors can listen to the call through Solid Power's Investor Relations website or via phone. The all-solid-state battery developer emphasizes the expected safety and stability of its products compared to conventional lithium-ion batteries, which may enhance its position in the electric vehicle market.
Solid Power announced the appointment of MaryAnn Wright to its board of directors, effective July 18, 2022, increasing board members to nine. With over 30 years in the automotive industry, Wright's experience includes high-level positions at Ford and Johnson Controls. She was instrumental in launching the 2005 Ford Escape Hybrid, the first hybrid-electric SUV. Her leadership is expected to augment Solid Power's focus on solid-state battery cell development for electric vehicles, enhancing its competitive edge in the energy storage sector.
Solid Power (Nasdaq: SLDP) has installed its pilot production line for EV-scale sulfide-based all-solid-state battery cells, aiming for delivery of Silicon EV cells to automotive partners BMW and Ford by year-end 2022. The production line is designed to mimic traditional lithium-ion manufacturing processes and is expected to produce up to 300 cells per week, totaling around 15,000 cells annually for automotive qualification testing. Solid Power's innovative cells feature over 50% active silicon in the anode, promising improved energy density and longer driving ranges for electric vehicles.
Solid Power, a leading developer of all-solid-state battery cells for electric vehicles, will participate in the Citi Lithium and Battery Virtual Day investor conference on May 26, 2022. CEO Doug Campbell will present from 1:15 PM to 1:50 PM ET, alongside CFO Kevin Paprzycki in small group meetings. A live webcast of the presentation will be available on Solid Power's Investor Relations site. A replay will be accessible for 90 days post-event. Solid Power's technology promises safer, more efficient batteries, enhancing energy density and compatibility with existing lithium-ion manufacturing processes.
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