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Shares of battery supplier Solid Power surge in Nasdaq debut

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Solid Power’s 22-layer, 20Ah all solid-state lithium metal cell compared to the company’s first-generation 10-layer, 2Ah cell.

Solid Power

Shares of electric vehicle battery cell supplier Solid Power surged as much as 14% during the company’s Nasdaq debut Thursday morning following the completion of a SPAC deal.

The stock’s initial performance is similar to other electric vehicle related companies that have gone public through deals with blank-check companies. Many jump during initial trading to then level-off and become volatile over time.

Solid Power, whose investors include Ford Motor and BMW, is trading under the ticker symbol “SLDP.” Its warrants are trading under “SLDPW.” The stock was…



Source cnbc.com

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