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LOUISVILLE, Colo. - Solid Power, Inc. (NASDAQ:SLDP) announced on Thursday a strategic collaboration with Samsung SDI and BMW Group to develop and validate a demonstration vehicle powered by all-solid-state battery (ASSB) technology. The announcement comes as Solid Power’s stock has seen remarkable momentum, with a 345% price return over the past year according to InvestingPro data.
Under the agreement, Solid Power will provide sulfide-based solid electrolyte to Samsung SDI, which will integrate it into separator and/or catholyte components to build cells, contingent upon meeting technical requirements. These cells will then be evaluated based on performance parameters agreed between Samsung SDI and BMW.
"Our solid electrolyte technology is designed for stability and conductivity," said John Van Scoter, President and CEO of Solid Power, in a statement based on the company’s press release.
Martin Schuster, Vice President Battery Cell and Cell Module at BMW Group, noted that Samsung SDI’s participation adds "significant momentum" to their battery development efforts.
All-solid-state battery cells potentially offer improved energy density, battery life, and safety performance by replacing liquid electrolytes with solid materials. The collaboration supports Solid Power’s business model of manufacturing and selling electrolyte to battery manufacturers and automotive OEMs.
Stella Joo-Young Go, Executive Vice President at Samsung SDI, stated that the company "will work closely with strategic partners such as BMW and Solid Power to take the lead in commercialization of ASSB."
Solid Power, based in Colorado, develops solid-state battery technology for electric vehicles and other markets. The company’s approach differs from competitors as it focuses on selling electrolyte material and licensing cell designs rather than manufacturing commercial batteries.
The three companies aim to eventually integrate the ASSB cells into a demonstration vehicle, though no specific timeline was provided in the announcement. Investors interested in deeper analysis can access Solid Power’s comprehensive Pro Research Report, available among 1,400+ US equities covered on InvestingPro. The company is scheduled to report its next earnings on November 4, which may provide further insights into this strategic partnership.
In other recent news, Solid Power reported its earnings for the second quarter of 2025, showcasing a revenue of $7.5 million, which exceeded analysts’ expectations of $5 million by a notable 50.8%. Despite this revenue surprise, the company’s earnings per share (EPS) aligned with forecasts, remaining at a loss of $0.14. In addition to the earnings report, Needham raised its price target for Solid Power to $4.00 from $2.00, maintaining a Buy rating. The research firm highlighted Solid Power’s consistent progress in its cell and electrolyte partnerships as a key factor in this decision. Needham also pointed out that the company’s substantial cash balance compared to its burn rate increases the "call option value" in its shares. These developments reflect recent significant movements within the company.
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