Extending the Driving Range without Increasing EV Weight? Yes, Solidion Technology, Inc. Provides Solutions

DAYTON, Ohio, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Solidion Technology, Inc. (Solidion), an advanced battery technology solutions provider, began trading on NASDAQ (ticker symbol “STI”) on February 5, 2024. Solidion is the merged entity between Honeycomb Battery Company (HBC, Dayton, Ohio) and Nubia Brand International Co., a special purpose acquisition company (SPAC), based in Dallas, Texas.

The amount of energy that a lithium-ion battery can supply to an electric vehicle (EV) is limited by the amount of charges stored in its anode and cathode materials, which can be expressed in terms of the specific capacity (mAh/gram) multiplied by the mass (grams) of an electrode material. Although graphite has been the preferred anode material during the past 30 years, silicon oxide (SiO_x) and silicon (Si) are two evolving anode materials capable of improving the energy density of EV batteries and extending the EV range by 20-40%. However, the higher-capacity gain of both silicon and silicon oxide is limited by the technical issue of large volume change-induced rapid capacity decay.

Solidion has overcome this technical obstacle and has established a Dayton, Ohio-based facility for manufacturing silicon oxide (SiO_x) and silicon (Si). The Solidion team is ready to expand the production capacity for these two types of high-capacity anode materials.

Solidion’s silicon anodes drive significant improvements in lithium-ion batteries. Industry-leading EV OEMs have concluded that silicon and silicon oxide anodes are required to drive EV battery technology to lower cost and provide higher energy density, significantly extending the EV driving range. Today, Solidion’s innovative Si anodes can deliver this technology and more as a drop-in solution.

Solidion is well-positioned to become a leading North American supplier of battery anode materials, including graphite from sustainable sources, silicon oxide (SiO_x), and silicon (Si). Solidion/HBC’s parent company (G3) was recognized as a global leader in the patent landscape of silicon anode for lithium-ion batteries.¹ This report ranked G3 No. 1 in the USA in terms of Si anode patent portfolio. Among US-based companies, G3 was No. 1 (having 131 patent families in the Si anode), followed by GM (90) and two other US-based battery start-ups. Quite significantly, G3 was ranked No. 1 among all the battery start-ups in the world.