Partnership with BMW
Solid Power reached a significant achievement with BMW, introducing the i7 test vehicle powered by Solid Power's cells and solid-state battery technology.
Factory Acceptance Testing Completion
Completed factory acceptance testing of the SK On pilot line, marking a key milestone under the line installation agreement.
Increased Revenue
Generated revenue of $7.5 million in Q2 2025, an increase from $6 million in Q1 2025, driven by the factory acceptance testing milestone.
Strong Balance Sheet
Ended the quarter with total liquidity of $279.8 million as of June 30, 2025, and repurchased 3.3 million shares totaling $3.6 million.
Progress on Electrolyte Development
Made progress on electrolyte development and began detailed design for the installation of a continuous manufacturing pilot line for sulfide electrolyte production.