Solidion Technology, Inc. is an advanced battery technology company focused on developing next-generation battery materials and energy storage solutions.

# Solidion Technology, Inc. Overview

## Company Profile
- **Name**: Solidion Technology, Inc.
- **Headquarters**: 13355 Noel Rd., Suite 1100, Dallas, Texas
- **R&D and Manufacturing Operations**: Dayton, Ohio (own a building of approximately 27,646 sq. ft. and lease 7,097 sq. ft.)
- **Employees**: 28 full-time employees as of December 31, 2024.

## Business Focus
Solidion is an advanced battery technology company that specializes in **the development and commercialization of next-generation battery materials, components, and energy storage solutions**. The company's primary innovations focus on addressing limitations associated with current lithium-ion and emerging battery technologies, aiming to enhance energy density, safety, and cost-efficiency.

### Key Areas of Expertise
1. **Silicon-Rich Anode Materials**: 
   - Solidion specializes in high-performance silicon-rich (Si-rich) anode materials that significantly improve energy density compared to traditional graphite anodes.
   - Silicon is a promising alternative because it has a theoretical capacity of 4,200 mAh/g, much higher than the conventional 372 mAh/g capacity of graphite.

2. **Solid-State Battery Technology**:
   - The company is developing solid-state batteries that utilize fire-retardant electrolytes and polymer-based formulations to enhance safety and performance.

3. **Proprietary Innovations**:
   - **Graphene-Enabled Batteries**: Enhance electrical conductivity and improve power output.
   - **Elastomer-Protected Electrodes**: Protect against mechanical stress during charge-discharge cycles to improve battery longevity.
   - **Biochar-Derived Anode Materials**: Offer sustainable production methods that may reduce CO2 emissions compared to traditional graphite.

### Competitive Advantages
- Solidion holds **over 525 active patents** globally addressing various battery technologies, ensuring a strong intellectual property portfolio that positions it as a leader in the industry.
- Development of unique **silane-free production processes**, differentiating it from competitors who rely on more expensive and hazardous methods.
- Partnership with Giga Solar Materials Corp. and Bluestar Materials Company to enhance the production of SiOx anodes for lithium-ion batteries in the U.S.

## Financial Highlights (as of fiscal year 2024)
- **Revenue**: Not specified in the provided details; the company appears to be in the early stages of commercialization.
- **Net Loss**: Approximately $25.9 million for the year ended December 31, 2024.
- **Future Outlook**: Unable to project profitability until significant production commences; the company has expressed the need for additional capital funding.

## Strategic Goals
- Solidion is focused on expanding its customer base, enhancing R&D efforts, and optimizing production capabilities to meet the increasing demand for electric vehicle (EV) and energy storage market solutions.
- Expectations for growth hinge on collaboration with EV manufacturers and strategic partners in the battery sector.

## Challenges
- The company faces significant risks, including competition from well-established battery manufacturers and potential supply chain disruptions.
- Development and commercial strategies must overcome technical challenges and safety testing requirements for battery technologies.

By continuously innovating and leveraging strategic partnerships, Solidion aims to carve out a significant foothold in the rapidly evolving battery technology landscape, specifically targeting the EV market, energy storage systems, and consumer electronics.

Solidion Technology, Inc. is an innovative battery technology company specializing in advanced battery materials and components, focusing on sustainable and efficient solutions for the electric vehicle market.

# Company Overview: Solidion Technology, Inc.

Solidion Technology, Inc. is an advanced battery technology company based in Dallas, Texas, formerly known as Honeycomb Battery Company. It focuses on the development and commercialization of next-generation battery materials, components, cells, and module/pack technologies, leveraging proprietary advancements in graphene-enhanced batteries.

## Key Areas of Focus
- **Battery Materials and Components**: Solidion specializes in advanced anode materials, including:
  - Graphite-based anode materials
  - Graphene/silicon composite anode materials
  - Silicon-rich anode materials
  
- **Battery Technologies**: The company is developing several notable battery technologies:
  - **Solid-State Lithium-Ion Batteries**: Featuring a silicon-rich anode and quasi-solid or polymer-inorganic composite electrolytes, expected to launch in 2026.
  - **Lithium Metal Cells**: Expected to feature thin lithium metal anodes, anticipated for commercialization in 2026.
  - **Lithium-Sulfur Cells**: Involving high-capacity sulfur cathodes and expected for launch in 2027.

- **Sustainable Practices**: Solidion aims to produce battery-grade anode materials using renewable biochar sourced from waste biomass, making its production sustainable and carbon-negative.

## Corporate Details
- **Incorporation**: Solidion Technology, Inc. was formed on June 14, 2021, in Delaware and underwent a business combination on February 2, 2024.
- **Intellectual Property**: The company holds over 520 patents worldwide (355 in the U.S. and 165+ foreign patents), ranking it among the leaders in solid-state battery technology and silicon anode development.

## Employment and Workforce
- **Employees**: As of March 2024, Solidion employs 32 full-time employees, 2 part-time employees, and 1 temporary worker.

## Revenue and Financial Metrics
- **Recent Financial Performance**:
  - **Net Loss**: Approximately $3.9 million for the year ended December 31, 2022, and around $5.3 million for the year ended December 31, 2023.
  - **Projected Revenue**: Expected future revenue growth from the scaling of production operations and commercialization of battery technologies.

## Market and Customer Base
- **Target Customers**: Solidion's primary customers include major original equipment manufacturers (OEMs) in the automotive space such as GM, Ford, VW, and BMW, who are exploring advancements in battery technology for electric vehicles.
- **Market Potential**: The EV battery market is projected to reach over $300 billion by 2030, with an estimated demand for approximately 5,300 GWh of lithium batteries.

## Conclusion
Solidion Technology, Inc. positions itself as a leader in innovative battery technologies with a strong focus on sustainability and efficiency. Its approach includes leveraging advanced materials science and a robust intellectual property portfolio to cater to the evolving demands of the electric vehicle market.

Solidion Technology Inc.

10-K / April 16, 2025

10-K / April 12, 2024

10-K / April 16, 2025

Solidion Technology, Inc. Overview

Company Profile

Business Focus

Key Areas of Expertise

Competitive Advantages

Financial Highlights (as of fiscal year 2024)

Strategic Goals

Challenges