Solid Power Soars 11.14% on BMW Partnership, EV Battery Milestone

Solid Power, Inc. (NASDAQ:SLDP) has seen a significant rise of 11.14% in pre-market trading on July 21, 2025, marking a notable surge in its stock performance.

Solid Power, Inc. has been making strides in the electric vehicle (EV) market, particularly through its partnership with the BMW Group. The collaboration has reached a significant milestone with the integration of Solid Power's large-format, pure all-solid-state battery (ASSB) cells into BMW's test vehicle, the BMW i7, which is currently being operated in the Munich area. This partnership highlights the potential of ASSB technology, which offers higher energy density in a compact storage system compared to current technologies. Both companies are optimistic about the benefits of ASSB batteries, which could lead to longer vehicle ranges without the weight disadvantages of traditional storage systems.

In the first quarter of 2025, Solid Power reported $6.0 million in revenue, primarily driven by its agreements with SK On Co., Ltd. The company remains focused on fulfilling partner and customer commitments for the fiscal year 2025, while also increasing electrolyte sampling through its electrolyte innovation center (EIC) to drive innovation based on market demand. Solid Power is dedicated to developing solid-state battery technologies for EVs and other markets, positioning itself as a key player in the evolving battery technology landscape.