Losing Ground: Solid Power's Technological Lead Diminishes As Rivals Accelerate

Sep. 04, 2024 4:53 AM ETSolid Power, Inc. (SLDP) StockSLDP745 Comments
Stephen Tobin
6.8K Followers
(16min)

Summary

  • SLDP struggles with customer concentration, failing to secure new customers and seeing existing ones like BMW and SK On facing setbacks.
  • SLDP's technical superiority is questionable as competitors like ONE and SES deliver manufacturable, high-performance solutions.
  • Despite a solid balance sheet, SLDP's cash burn rate suggests it will need additional funding soon, making its future uncertain.

Checkmate

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Solid Power (NASDAQ:SLDP) has three pillars to its plan for commercializing its next-generation battery technology: the JDA with BMW (OTCPK:BMWYY), the agreement with South Korean Battery company SK On, and the perceived technical

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