Solid Power (SLDP) and BMW Group partnership Touches Next Milestone

Solid Power, Inc. (NASDAQ:SLDP) is one of the Best Performing EV Stocks So Far in 2025. The BMW Group is bringing large-format, pure ASSB cells from Solid Power, Inc. (NASDAQ:SLDP) to its test vehicle, a BMW i7, which is being operated in the Munich area. Notably, one of the potential benefits of ASSB technology is higher energy density in a very compact storage system as compared to the current technologies.

Solid Power (SLDP) and BMW Group partnership Touches Next Milestone

A battery powered electric vehicle charging in a city storefront.

Both companies believe in the potential of genuine ASSB technology. Given the higher energy density compared to the current battery technologies, ASSB batteries possess the potential to achieve longer ranges in vehicles without the disadvantages regarding the weight of the overall storage system. Solid Power, Inc. (NASDAQ:SLDP)’s management demonstrated optimism that its partnership with BMW led to the first demonstration of truly all-solid-state battery cells in a vehicle.

In Q1 2025, Solid Power, Inc. (NASDAQ:SLDP) delivered $6.0 million in revenue. This was mainly driven by the execution of its agreements with SK On Co., Ltd. For FY 2025, Solid Power, Inc. (NASDAQ:SLDP) remains focused on fulfilling partner and customer commitments and increasing the electrolyte sampling through the use of the electrolyte innovation center (EIC) to innovate driven by demand.

Solid Power, Inc. (NASDAQ:SLDP) is engaged in developing solid-state battery technologies for EVs and other markets.

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Disclosure: None. This article is originally published at Insider Monkey.