2Q23 Results: Net Loss Reduced by $10.8 Million, Line 4 B-Sample Facility Ready by 1Q24
By the end of 2023, the company plans to increase monthly production capacity to around 1,000 100Ah Li-Metal cells per month per line. The company’s lines in Shanghai and South Korea make about 500 large 100Ah Li-Metal cells per month with one shift and it plans to add a second shift. Earlier this year, the company announced B-sample line preparation, which is a dedicated B-sample EV cell for one of its customers. The company has completed the process design and evaluation and expects the line to be ready in 1Q24. Line 4 will have more than 1,400 quality checkpoints compared with 300 quality checkpoints in the first three A-sample lines and will be fully compatible with the Avatar system. Apart from Line 4, the company is planning to construct a new Line 5 specifically for the production of B-samples for Urban Air Mobility and other drone applications that need lightweight and high-capacity Li-Metal cells...
Water Tower Research is built on the foundation of democratizing information flow. We bridge the growing information gap between companies and investors through our investor engagement strategies and open-access research platform.
Our research analysts are Wall Street veterans with the experience and knowledge to work with companies and investors in tandem. We provide access to the information and content that anchors the due diligence process for both professional money managers and individual investors. We leverage traditional research distribution channels and the best of modern digital strategies and tactics to amplify this information flow globally to engage all categories of investors and stakeholders.
Information flow is the foundation for creating investor awareness, knowledge, and engagement. Our mission is to help companies and investors have the tools they need and achieve their goals.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.