Solidion Technology Reports Results for Q1 2024

From GlobeNewswire: 2024-06-07 08:00:00

Solidion Technology Inc. completed a successful merger, with shares now trading on the Nasdaq Global Market. The company reported a $3.8 million operating loss for the first quarter of 2024. Despite market challenges, Solidion is progressing towards commercializing its battery materials products, aiming to enter the market organically or through existing sector participants. The company manufactures battery materials and components and produces next-generation batteries for various modes of transportation. Solidion’s batteries offer extended EV range, improved safety, and lower cost per KWh, with pilot facilities in Ohio.



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