Solid Power, Inc. shares fall 1.09% premarket after BASF delivers first Cathode Active Materials for Semi-Solid-State batteries.

Solid Power, Inc. declined 1.09% in premarket trading. The company's joint venture with BASF Shanshan Battery Materials Co., Ltd. (BSBM) and Beijing WELION New Energy Technology Co., Ltd. has successfully delivered its first batches of mass-produced Cathode Active Materials (CAM) for Semi-Solid-State batteries, marking a significant step towards industrializing Solid-State batteries. This progress in next-generation battery technology, which enhances energy density and safety, aligns with the company's recent performance.